Two issues are bound to feature in New Zealand Trade Minister Tim Groser's talks in Beijing next week: New Zealand dairy giant Fonterra’s market power in the China domestic market and Chinese investment intentions within New Zealand.
The Chinese Embassy in Wellington wheeled out a government spokesman today in a rare move, to tell New Zealanders they have nothing to fear from Chinese farmland investments.
The Italian-based Reda Holding SpA owns 16,660 ha in the Waitaki Valley
- Otago Daily Times
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31 July 2011
New Zealand’s relative isolation and high-priced property means the nation has missed out on a global grab for land, especially farms, despite rising public disquiet about such sales, the New Zealand Institute of Economic Research says.
No início de abril, uma delegação baiana desembarcou na China - aproveitando a visita da presidente Dilma Rousseff à Ásia - para dar encaminhamento a este e a outros investimentos estrangeiros.
New Zealand-based agency Bayleys is putting together a portfolio of overseas property opportunities, including farms, to take on a roadshow to South East Asia, Europe and Britain.
Investors are thinking big when it comes to farmland purchases, reports Andrew Shirley in Knight Frank's Wealth Report 2011
- Knight Frank
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02 June 2011
The chairman of New Zealand's largest dairy company has issued a warning over foreign ownership of Kiwi land.
- Waikato Times
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01 June 2011
New Zealanders could not afford to be "totally xenophobic" towards Chinese investment because it has brought jobs and capital into the country, Prime Minister John Key said Monday.
NZS may not have successfully introduced our farming practices to Uruguay but it managed to introduce New Zealanders' strategy of acquiring highly leveraged farm land with the intention of making a large, non-taxable capital profit on disposal.
Last week, bids closed for an 83% stake in Fonterra's biggest supplier, Dairy Holdings, which oversees 72 South Island farms. Bidders reportedly include Chinese dairy giant Bright Dairy, a pastoral fund owned by Australian investment bank Macquarie Group, British private equity firm Terra Firma. US private equity firm Carlyle Group and the Harvard Endowment Fund.
China's enormous sovereign wealth fund, the China Investment Corporation, may have set aside up to 1.5% or about $6 billion of its massive foreign exchange reserves to invest in New Zealand assets, including potentially dairy farms.
