Two more Central Hawke’s Bay farms sold to overseas buyers for forestry

Two farms in Central Hawke’s Bay have been sold to overseas buyers who intend to convert them into forestry. The properties include the 800ha Te Manuiri Station in Omakere and a 480ha farm off Middleton Rd in Waipukurau, with sales valued at $8.6 million and $5.2 million, respectively, as approved by the Overseas Investment Office (OIO). This follows the recent sale of another 1500ha sheep and beef farm in Elsthorpe, indicating a trend of foreign investment in local agriculture for forestry purposes.

Full Article