Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


High country station sells for undisclosed sum

Prominent philanthropist and author sells high country station for undisclosed sum


Castle Hill Station in North Canterbury – remaining in New Zealand ownership following its sale by philanthropist and author Christine Fernyhough.


A substantial high country farm owned by leading New Zealand businesswoman, philanthropist and author Christine Fernyhough has been sold for an undisclosed sum.

Castle Hill Station in North Canterbury is a 3056 hectare farm adjoining the Torlesse and Craigeburn ranges and running 6591 stock units. It was bought by a husband and wife duo of Canterbury farmers who had sold their family cropping unit to move into a less time-intensive sheep, beef and deer operation.

The sale was brokered by Ruth Hodges of Bayleys Canterbury. An extensive marketing campaign for Castle Hill Station began in 2012, with a substantial number of inspections from a variety of interested purchasers, both local and international.

Christine Fernyhough bought Castle Hill Station in 2004 for $2.4million, with the Conservation Department taking on 8,000 hectares of what had originally been an 11,000ha block. That occasion was the first time a Crown entity had partnered with private enterprise to purchase a high country station.

Since taking over the property, Fernyhough and her husband John Bougen have improved its output considerably through an intensive regrassing, oversowing, and fertilizing programme, combined with the construction of a vast fencing network for better stock management and installation of a new trough watering system.

Ms Hodges said the new owners, , had indicated they intended keeping Castle Hill Station in its current format – including staffing levels, and stocking ratios.

“There was strong interest in this property – both for its productive capacity, and for its heritage value,” said Ms Hodges. “One of the key selling points was the immense improvement in productivity which Christine and John had achieved in the space of nine years by taking a regimented management approach .


“Most of the interest in the property emanated from the wider Canterbury region, with potential buyer enquiry also coming from the Waikato, Wairarapa, Taranaki and Otago regions. There was also some very creditable offshore enquiry.

“Both the vendors and the purchasers though are extremely happy that Castle Hill’s tenure has remained in New Zealand ownership – Canterbury ‘locals’ in fact.”

Christine Fernyhough, wrote the bestselling memoir The Road To Castle Hill: A High Country Love during her time on the high country farm, along with the books Ben and Mark: Boys of the High Country, and more recently Dart of Castle Hill.

Before taking over the reigns of Castle Hill, literally, Christine Fernyhough had a career in the corporate sector, and established the Books in Homes initiative, and then the Gifted Kids Programme for high achieving children in low decile schools. In 2011 she was made a Companion in the New Zealand Order of Merit for services to the community.

ends

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Crown Accounts: Government Ekes Out Six-Month Surplus Of $9M

The New Zealand government eked out a tiny surplus in the first six months of the fiscal year as growth in domestic consumption lifted the goods and services tax take, while uncertainties over the Kaikoura earthquake costs meant expenses were less than expected. More>>

ALSO:

Almost 400 Jobs: Shock At Cadbury's Dunedin Factory Closure

Workers at Cadbury in Dunedin are reeling after learning this morning that the iconic Cadbury factory is to close, with the loss of almost 400 jobs... “The company had reported it was doing well and this has come out of the blue,” says Chas. More>>

ALSO:

Transport: Boards Of Inquiry For Auckland Roading Projects

Boards of Inquiry have been appointed to decide on two significant Auckland roading projects in a move which will get a decision by the end of the year, Environment Minister Dr Nick Smith and Conservation Minister Maggie Barry announced today. More>>

ALSO:

Three Months On: Quake Reciovery In Kaikōura And Elsewhere

Three months after the magnitude 7.8 earthquake on 14 November, encouraging recovery progress is being made in affected communities. More>>

ALSO:

Jetstar, Qantas For Govt Transport: Government Still In Talks With Air NZ

The government is still negotiating with national carrier Air New Zealand in a cross-agency air travel contract that will add a number of new airlines to the list of approved flyers. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news