30 June 2015
Sydney-based investment manager New Forests has announced the purchase today of a 4,000 hectare forestry right in the Hautu-Rangipo region near Turangi in the central North Island of New Zealand. The right was acquired as part of a back-to-back deal with Hautu-Rangipo Whenau Limited (HRWL), a newly formed Tūwharetoa Limited Partnership. HRWL was established to purchase the forests and underlying land from the Crown.
