Pengxin picks up remaining farm share from mortgagee
The Pengxin purchase is among the latest raft of Overseas Investment Office approvals.
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Hawke’s Bay
Chinese-owned Pengxin New Zealand Farm Group has acquired a one-fifth share in approximately 68.4ha at Collins Rd, Hamilton for $420,000.
The seller is Westpac Banking Corporation as mortgagee in possession.
Pengxin already owns a four-fifths interest in the land.
“The remaining one-fifth
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Chris Hutching
Mon, 03 Aug 2015
Mon, 03 Aug 2015
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Pengxin picks up remaining farm share from mortgagee
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