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Hot Topic Hawke’s Bay
General Business
1 mins to read

Prominent Gisborne forestry company selling to overseas investor

Hikurangi Forest Farms sale to a Sydney-based fund is subject to approval.

Andrew Bevin Tue, 12 Feb 2019

Gisborne's Hikurangi Forest Farms (HFF) has entered into a sale agreement with Australian investment manager New Forests, pending Overseas Investment Office (OIO) approval.

HFF has roughly 25,000ha of stocked radiata pine on 35,000ha of freehold, forest rights and leasehold land. The purchase

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Andrew Bevin Tue, 12 Feb 2019
Contact the Writer: andrew@nbr.co.nz
News tip? Question? Typo? Let us know: editor@nbr.co.nz
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Tags
forestry Hikurangi Forest Farms New Forests OIO overseas investment
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