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

 


Large-scale forest for sale near Taumarunui

Large-scale forest for sale near Taumarunui


A 3000-hectare forest for sale near Taumarunui is one of the largest forestry blocks to be offered on the open market in recent years.

While forestry estates of this scale are often sold privately, Oio Forest is a first rotation forest for sale by tender.

LJ Hooker rural sales agent Warwick Searle said the size and quality of the forest made the sale significant.

“Oio is a young forest of the highest quality, so there is excellent potential for future growth. Corporate and institutional investors looking for a 30-year investment cycle or established forest owners with a mid to late harvest rotation who want to even out their estate are likely buyers.”

Located in a proven growing area 30 km from Taumarunui, Oio Forest has a net stock area of 2923 ha planted with two age classes of Pinus radiata.

“All the hard work as been done here with plantings of quality trees, and council roads and ATV tracks providing easy access throughout,” Mr Searle said.

While processing facilities at nearby Kariori and Tangiwai would suit local log traders, overseas exporters have the option of shipping logs offshore from ports at New Plymouth, Tauranga, or Napier.

Tenders close on 23 May 2014.

Ends.

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Must Sell 20 Petrol Stations: Z Cleared To Buy Caltex Assets

Z Energy is allowed to buy the Caltex and Challenge! petrol station chains but must sell 19 of its retail sites and one truck-stop, the Commerce Commission has ruled in a split decision that acknowledges possible retail price coordination between fuel retailers occurs in some regions. More>>

ALSO:

Huntly: Genesis Extends Life Of Coal-Fuelled Power Station To 2022

Genesis Energy will keep its two coal and gas-fired units at Huntly Power Station operating until 2022, having previously said they'd be closed by 2018, after wringing a high price from other electricity generators who wanted to keep them as back-up. More>>

ALSO:

Dammed If You Do: Ruataniwha Irrigation Scheme Hits Farmer Uptake Targets

Enough Hawke's Bay farmers have signed up for water from the proposed Ruataniwha Water Storage Scheme for it to go ahead as long as a cornerstone institutional capital investor can be found to back it, its regional council promoter announced. More>>

ALSO:

Reserve Bank: OCR Stays At 2.25%

Reserve Bank governor Graeme Wheeler kept the official cash rate at 2.25 percent, in a decision traders had said could go either way, while predicting inflation will pick up as the slump in oil prices washes out of the data and capacity pressures start to build in the economy. More>>

ALSO:

Export Values Down: NZ Posts Biggest Annual Trade Deficit In 7 Years

New Zealand has recorded its biggest annual trade deficit since April 2009, reflecting weaker prices of agricultural commodities such as dairy products, beef and lamb, and increased imports of vehicles and machinery. More>>

ALSO:

Currency Events: NZ's New $5 Note Wins International Banknote Award

New Zealand’s new Brighter Money $5 note has been named Banknote of the Year in a prestigious international competition. The $5 note was awarded the IBNS Banknote of the Year title at the International Bank Note Society’s annual meeting. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news