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

 

Strike: Lyttelton Port Workers Vote To Escalate Dispute

Members of the Rail and Maritime Transport Union (RMTU) at Lyttelton Port today voted to escalate their industrial action. Around 200 RMTU members have been operating an overtime ban since 17 December and today they endorsed a series of full withdrawals of labour at the port. More>>

ALSO:

Scoop Business: NZ Dollar Falls To 3-Year Low As Investors Favour Greenback

The New Zealand dollar fell to its lowest in more than three years as investors sold euro and bought US dollars, weakening other currencies against the greenback. More>>

ALSO:

Scoop Business: NZ Govt Operating Deficit Smaller Than Expected

The New Zealand’s government’s operating deficit was smaller than expected in the first five months of the financial year as a clampdown on expenditure managed to offset a shortfall in the tax-take from last month’s forecast. More>>

ALSO:

0.8 Percent Annually:
NZ Inflation Falls Below RBNZ's Target

New Zealand's annual pace of inflation slowed to below the Reserve Bank's target band in the final three months of the year, giving governor Graeme Wheeler more room to keep the benchmark interest rate lower for longer.More>>

ALSO:

NASA, NOAA: Find 2014 Warmest Year In Modern Record

Since 1880, Earth’s average surface temperature has warmed by about 1.4 degrees Fahrenheit (0.8 degrees Celsius), a trend that is largely driven by the increase in carbon dioxide and other human emissions into the planet’s atmosphere. The majority of that warming has occurred in the past three decades. More>>

ALSO:

Scoop Business: New Zealand’s Reserve Bank Named Central Bank Of The Year

The Reserve Bank of New Zealand’s efforts to stifle house price inflation by using new policy tools has seen the institution named Central Bank of the year by Central Banking Publications, a publisher specialising in global central banking practice. More>>

ALSO:

Get More From Scoop

 
 
Standards New Zealand

Standards New Zealand
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news