What did New Zealand Rural Land Company Limited announce?
New Zealand Rural Land Company Limited (NZX: NZL) filed “Sale of Hawke’s Bay Orchards” with NZX on 9 October 2026, as a m&a announcement.
From the announcement:“New Zealand Rural Land Company Limited (NZX: NZL) advises that New Zealand Rural Land Investments Limited Partnership (NZRLI LP), which is 75% owned by NZL, has entered into a conditional agreement to sell its five Hawke’s Bay orchards to a partnership managed by Craigmore Sustainables, for $18.84 million.”
- Which company?
- New Zealand Rural Land Company Limited (NZX: NZL)
- When was it filed?
- 9 October 2026
- Where is the original?
- NZX announcement
Sale of Hawke’s Bay Orchards
9 October 2026
Sale of Hawke’s Bay Orchards
New Zealand Rural Land Company Limited (NZX: NZL) advises that New Zealand Rural Land
Investments Limited Partnership (NZRLI LP), which is 75% owned by NZL, has entered into a
conditional agreement to sell its five Hawke’s Bay orchards to a partnership managed by Craigmore
Sustainables, for $18.84 million.
The sale is subject to usual conditions, including Overseas Investment Office consent being obtained
by 10 November 2026. Settlement is expected to occur five working days after OIO consent is
obtained.
This agreement follows the external administration of entities associated with Kiwi Crunch and the
subsequent decision by the receiver of Kiwi Crunch Farms Limited not to adopt the existing Hawke’s
Bay leases.
NZL’s FY26 earnings guidance remains suspended until it has more complete information on the
financial impact of the external administration of entities associated with Kiwi Crunch.
NZL will update the market when the Hawke’s Bay sale becomes unconditional.
Rob Campbell
Independent Chair
For further information please contact:
Richard Milsom
Mobile: 021 274 2476
Email: richard@nzrlm.co.nz
Data sourced from publicly available filings. Our datasets may not be complete. Automated analysis can produce errors. If you believe any data on this page is incorrect, please contact us at hello@nzxplorer.co.nz. For informational purposes only. Not investment advice.
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