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Rural Equities eyes investment outside of NZ rural property

5 1 0
08.11.2017

Rural Equities, the farming group majority-owned by the Cushing family, is eyeing investments outside New Zealand rural property where it sees an "uncertain" future.

The Hastings-based company, which owns 22 farms in New Zealand, told shareholders in its annual report published this week that directors decided to consider new long-term investment opportunities in other asset classes and potentially other jurisdictions to provide enhanced returns and portfolio diversification.

Rural Equities was spun off from Williams & Kettle in 2004 and its holdings span a mix of sheep and beef, dairy, deer and arable farms spread throughout New Zealand from Northern Waikato to Southland with 13 properties in the South Island and nine in the North Island.

The company cited several factors weighing on its investment in New Zealand rural property, including that the Ruataniwha Water Storage Scheme wouldn't proceed as previously planned, a potential ban on foreigners buying farmland in New Zealand, the........

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