New Zealand Rural Land Company sells 25% of assets to Roc Partners

Australia-based specialist non-public market funding supervisor Roc Companions is ready to accumulate 25% of the portfolio of rural land belongings of New Zealand Rural Land Firm (NZL) for roughly $44 million.

NZL owns 14,487ha of New Zealand rural land which is 100% tenanted on long-term leases.

It generates shareholder worth by means of asset worth appreciation and money flows from its long-term leases which have common CPI adjustment provisions – NZL just isn’t concerned within the day-to-day operations of its farm and forestry belongings.

Roc Companions is a specialist non-public market funding supervisor. It manages capital for superannuation funds and presents funding options for household places of work, foundations, endowments and excessive internet value traders globally.

NZL chair Rob Campbell says the choice by a specialised investor of Roc Companions’ standing to buy a stake in NZL’s rural land belongings is a crucial milestone for the corporate’s long-term progress technique.

“This transaction displays the robust alignment of two companions with deep expertise investing in top quality rural belongings,” Campbell says.

“Upon completion, NZL will absolutely overview allocation of the funds,” he says. “NZL and Roc will work collectively on future progress alternatives.”

Brad Mytton, managing companion for agriculture at Roc Companions says that Roc Companions brings greater than 25 years’ expertise in non-public asset funding to NZL.

“Our experience in, and deal with, agricultural belongings inside our actual belongings portfolio is business main,” he claims.

“We’re attracted by the standard of NZL’s particular person belongings, its dedication to sustainability, and the long-term potential for accessing high quality rural land belongings in New Zealand,” Mytton says.

He says NZL enjoys advantaged entry to rural deal circulate, and the corporate expects a fruitful ongoing funding relationship.

“We’re dedicated and maintain ourselves and our investees to the identical excessive requirements within the actions we take to transition to a extra sustainable economic system,” he concludes.