Prominent Gisborne forestry company selling to overseas investor
Hikurangi Forest Farms sale to a Sydney-based fund is subject to approval.
Gisborne's Hikurangi Forest Farms (HFF) has entered into a sale agreement with Australian investment manager New Forests, pending Overseas Investment Office (OIO) approval.
HFF has roughly 25,000ha of stocked radiata pine on 35,000ha of freehold, forest rights and leasehold land. The purchase
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