Sir Michael Fay has sold the Lagoon Hill Station comprised of more than 4000 hectares between Martinborough and the Wairarapa coastline, which he has owned since 1993.
The 4273ha station was put out to international tender late last year despite the government tightening the rules around selling
Want to read more? It's easy.
Choose your best value subscription option
Student
Exclusive offer for uni students studying at a New Zealand university (valued at $499).