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


KiwiRail confirms Clifford Bay land sale

Media Release

28 August 2014

KiwiRail confirms Clifford Bay land sale

KiwiRail has confirmed that the sale of the land at Clifford Bay owned by Clifford Bay Limited to local wine grower Peter Yealands has been finalised.

The 413 hectare site was placed on the market earlier this year.

National Manager, Property, Investment and Revenue Andrew Robinson said that the sale price is a private matter between the parties involved.

“KiwiRail has a duty as a state owned enterprise to operate commercially, and make a return on investment, and this sale fulfills those requirements.”

The property was purchased in 1993 by Clifford Bay Limited.

“The Government’s decision last year not to proceed with the development of a new terminal means that the land is surplus to our requirements and therefore the most sensible option is for it be sold,” says Mr Robinson.

Yealands Wine Group Principal, Peter Yealands, also owns the historic Flaxbourne Station and says that he plans to upgrade both properties together.


© Scoop Media

Business Headlines | Sci-Tech Headlines


Trade & Retail: Chinese Disaster Spells Quiet Season For NZ Fireworks Sales

In August, two massive explosions at a warehouse at the port in the port of Tianjin, Northern China, killing more than a hundred people and devastating large areas of the city. In the wake of the disaster, Chinese authorities rushed to regulate the distribution of all dangerous goods... More>>



Oceans: NOAA Declares Third Ever Global Coral Bleaching Event

As record ocean temperatures cause widespread coral bleaching across Hawaii, NOAA scientists confirm the same stressful conditions are expanding to the Caribbean and may last into the new year, prompting the declaration of the third global coral bleaching event ever on record. More>>

Scoop Business: A Decade Of Government Pre-Seed Investment

More publicly-funded science is being commercialised after a decade of government ‘pre-see’d investment, according to an independent review. More>>


Solid Energy: Plan To Shut Unprofitable Huntly East Mine

Solid Energy, the state-owned coal miner in voluntary administration, plans to shut down its unprofitable Huntly East mine and lay off 65 staff after deciding the site stands "no chance whatsoever" of finding a buyer. More>>


E Tū: Merger Creates NZ's Biggest Private Sector Union

E tū has been created by the merger of the Engineering, Printing and Manufacturing Union and Service and Food Workers’ Union. It represents more than 50,000 working New Zealanders in industries as diverse as aviation, construction, journalism, food manufacturing, mining and cleaning. More>>


Internet: NZ Govt Lifts Target Speeds For Rural Broadband

The government has lifted its expectations on faster broadband speeds for rural New Zealand as it targets increased spending on research and development in the country's information and communications technology sector, which it sees as a key driver for export growth. More>>


Get More From Scoop

Search Scoop  
Powered by Vodafone
NZ independent news