T&G sells Riwaka orchard
T&G Global has sold another of its New Zealand apple orchards.
The Riwaka property in Nelson has been purchased by the New Zealand Superannuation Fund though its rural investment manager, FarmRight. The transaction settled in late December (2022).
The orchard’s footprint measures 194ha, with 33ha planted to the Envy apple variety.
T&G will continue to run the site until 31 May (2023), at which time FarmRight will take over full operations of the orchard. T&G’s permanent Riwaka staff members will join the FarmRight team.
FarmRight chief executive, Jim Lee, said the company’s investment plans for Riwaka will strengthen its footprint in the Nelson region.
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