Farms sale pain for lines firm
GREG NINNESS
Overseas investors will get another chance to buy New Zealand farms next month when Transpower sells eight in the Waikato at prices expected to be well below what the state-owned company paid for them.
To sweeten the deal, Transpower is also offering to provide vendor finance on some properties.
Transpower, which operates the country's national electricity grid, purchased the farms in a $203 million buy-up of land Read more [...]