PHOTO: PETER BARNETT – German investment company Aquilla Capital is selling its 991-hectare Pukeokahu block, 25 kilometres north-east of Taihape.
A German company is offloading two central North Island farms, totalling about 1150 hectares.
Aquilla Capital, an asset management and investment company, bought the two sheep and beef blocks in 2012, but the Taihape and Waikaha properties are being offered for sale within the next month.
The European company bought the farms on a fixed-term investment, requiring them to be sold by a specific date.
MyFarm, a Feilding-based investment service, oversaw on-farm operations. Its sheep and beef director Tom Duncan said the two properties were much better than when they were bought six years ago.
Duncan said Aquilla Capital had invested significant capital to renovate and fertilise pastures, subdivide land and improve stock handling facilities.
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