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Century Old Family Farm Changes Hands in Waikanae

28 June 2005

Century Old Family Farm Changes Hands in Waikanae

The well known Field family farm just South of Waikanae known as ‘The Tini’ has finally changed hands after over a century for just over $3 million.

The 295 hectares (730 acres) has been farmed as a diary farm for decades and most recently had hill areas planted in forestry and some parts used for beef/sheep finishing.

Director of Harcourts Mana-Kapiti-Horowheunua, Stuart Pescini, said the Field family was very well known and respected in the area with their name synonymous with progress in farming and residential development. William Field was a Member of Parliament in the late 1800s.

Mr Pescini added that buying interest in the farm had been very strong as “there are not many true farms left in the area with significant blocks of land such as this becoming more and more rare. The increasing number of lifestyle blocks and other developments means farms of this size coming to the market so close to major urban areas are now few and far between.”

He noted that the new owners had already confirmed they were looking to continue farming the land which the sellers were “delighted with”. A total of eight offers were received during the Tender process with most buyers from the greater Wellington area.

Harcourts National Rural Manager, Kim Shannon said while there continued to be strong buying confidence nationwide for farms, “The marketing and method of sale used by Harcourts Mana-Kapiti-Horowhenua still played a crucial part in the successful sale of The Tini Farm”.

The property was marketed by Trina James, Malcolm Wright, Andrew Pierce and Tony McEwen.

ENDS

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