House Prices

American allowed to buy more coastal land

An American who controversially bought the station on Young Nicks Head near Gisborne has bought another coastal farm nearby.

Sunday, July 31st 2005

An Overseas Investment Commission decision last week allowed Nicks Head Station owner John Griffin to buy Mapiri Station, a 552ha farm adjoining the coastline south of Young Nicks Head, for $6 million.

The decision, made by Deputy Prime Minister Michael Cullen and Lands Minister Pete Hodgson, will give Mr Griffin ownership of a total of 1236ha in the Muriwai coastal area.

The farm is being leased back to the existing owners, Sally, Hugh and Selwyn Trafford, for two years.

Access to the coastline for local iwi will be guaranteed as part of the consent conditions, a spokeswoman for Dr Cullen said yesterday.

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Monday, March 18th 2024

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Thursday, March 14th 2024

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Thursday, March 14th 2024

[OPINION] Recessionary times

It is not the best out there for many businesses and property sector people. Sales are down across the board, our clients’ confidence is falling, and there is a lot of uncertainty.

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