The NBR reports that a German investment company is waiting on OIC approval to buy farmland in Southland.
The story is in the subscriber content so I’m not going to copy the details but I’ll be interested in how reaction to this story compares with that to the possibility of Chinese investment in New Zealand farms.
If we allow our companies to buy land and businesses in other countries it’s hypocritical not to reciprocate. It’s even more so if we welcome some but not others.
We’re not a wealthy country and overseas investment can be mutually beneficial.
Overseas owners are subject to the same laws as the rest of us and they can’t take the land away.
They will be able to take some of their profits home, but they’ll be spending a lot here making those profits and pay tax on them and we’ll get the benefit of that.
Homepaddock 
I know someone in Central Hawkes Bay who would like to see them. They have been on the market for coming up two years and the buyers have disappeared.
A top property, centrally located about 30mins to Hastings and 90mins to Palmerston North.
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