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Real Estate Briefing - Categorized | Emerging Trends, Investment more

NZ: Real estate sector sees interest in farms

Posted on 03 May 2011

If New Zealand’s richest man, Graeme Hart, can sell a big chunk of his record-sized dairy farms on offer in south Waikato, new life must be stirring in the moribund rural real estate market, industry watchers say.
Mr Hart, through his Rank Group-owned Carter Holt Harvey forestry company, has sold eight farms near Tokoroa out of 29 on offer. The farms have languished on the market since 2009 in the post-global financial crisis recession……………………………………….Full Article: Source


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