China’s Shanghai Pengxin group has agreed to purchase a
further ten New Zealand dairy farms, subject to Overseas
Investment Office approval. The Northland properties total 3,000
hectares of freehold, plus 300ha leasehold, and currently run 3,900
cows. The purchases were made through the associated company
Dakang New Zealand Farm Group, into which Shanghai Pengxin
intends to transfer the 16 ex-Crafar dairy farms it bought in 2012,
and through which it is also awaiting approval for the purchase of
a further two major properties in the central North Island.
China’s Shanghai Pengxin group has agreed to purchase afurther ten New Zealand dairy farms, subject to OverseasInvestment Office approval. The Northland properties total 3,000hectares of freehold, plus 300ha leasehold, and currently run 3,900cows. The purchases were made through the associated companyDakang New Zealand Farm Group, into which Shanghai Pengxinintends to transfer the 16 ex-Crafar dairy farms it bought in 2012,and through which it is also awaiting approval for the purchase ofa further two major properties in the central North Island.
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