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

 

Drones: First Certificate Issued Under New UAV Rules

Transport Minister Simon Bridges and Associate Transport Minister Craig Foss say the first certified flight of an unmanned helicopter under new aviation rules is a great example of how they can enable commercial use. More>>

ALSO:

GE Swedes And Cow Deaths: Plant Analysis Backs Up Earlier Advice

The industry body is recommending that farmers do not feed Herbicide Tolerant (HT) swedes to cows in spring when the animals are in late pregnancy or early lactation. DairyNZ is also advising caution if farmers are considering other leafy varieties. More>>

ALSO:

Statistics: Dairy And Travel Still Our Largest Export Earners

New Zealand earned $2.3 billion more from exports than we spent on imports during the year ended June 2015... total exports of goods and services were $67.5 billion, while total imports were $65.1 billion. More>>

ALSO:

Approval: Air New Zealand And Air China Launch New Alliance Route

Air New Zealand and Air China have today launched joint sales for a new daily direct service between Auckland and Beijing after receiving approval from New Zealand Minister of Transport Hon Simon Bridges to form a strategic alliance. More>>

ALSO:

Money Trading: FX Trader Jin Yuan Finance Warned Over Lack Of Monitoring

Jin Yuan Finance, an Auckland-based foreign exchange trader, has been warned over its lack of anti-money laundering processes in place in the first public notification by the Department of Internal Affairs. More>>

ALSO:

Auckland Surge, Possible Peak: House Values Accelerate At Fastest Annual Pace In 8 Years

New Zealand residential property values rose at their fastest annual pace in eight years in August, pushed higher by overflowing demand in Auckland, which is showing signs speculators think it has reached its peak, according to Quotable Value. More>>

ALSO:

Cash Money: Reserve Bank Launches New $5 And $10 Banknotes

The $5 and $10 final banknotes were revealed at an event at the Bank in Wellington, and will start to be released from mid-October 2015. More>>

ALSO:

Truck Sales Booted: Commerce Commission Files Charges Against Mobile Trader

The Commerce Commission has filed charges against a mobile trader, or truck shop operator, claiming he obtained money from customers by deception and never intended to supply them with the goods they paid for. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news