July 4, 2011

 

German Aquila Agra Invest Group buys New Zealand farmland

 

 

Aquila Agra Invest Group, a German-based investment company, has just forked out US$33 million for a dairy farm at Dipton, Southland.

 

German property interests are buying up more prime Southland farmland.

 

The Aquila Agra Invest Group has been granted approval by the Overseas Investment Commission approval to by the 1,400 hectare Glencairn partnership farm.

 

The German based group has already spent many millions of dollars buying up Southland pasture.

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