16-01-2014 00:10 AM | New Zealand

OIO assent to buy dairy farms

Large-scale farming business Craigmore Farming has received Overseas Investment Office approval to buy two large dairy farms in North Otago.

Both in the Waiareka Valley, inland from Oamaru, the properties are the 403ha Waiareka Farm, previously owned by North Otago Farm Ltd, and the 428ha Windsor Farm, previously owned by Windsor Dairies Ltd. OIO approval was required because of some overseas ownership. The purchase prices were confidential.
Full Story : Otago Daily Times