{"id":80398,"date":"2024-01-19T10:58:07","date_gmt":"2024-01-18T21:58:07","guid":{"rendered":"https:\/\/www.farmersweekly.co.nz\/?p=80398"},"modified":"2024-01-19T10:58:09","modified_gmt":"2024-01-18T21:58:09","slug":"roc-partners-to-buy-slice-of-nzl-assets","status":"publish","type":"post","link":"https:\/\/www.farmersweekly.co.nz\/markets\/roc-partners-to-buy-slice-of-nzl-assets\/","title":{"rendered":"Roc partners to buy slice of NZL assets"},"content":{"rendered":"Reading Time: <\/span> 2<\/span> minutes<\/span><\/span>\n

Australia-based specialist private markets investment manager Roc Partners is to acquire 25% of the portfolio of rural land assets of New Zealand Rural Land Company for about $44 million.<\/p>\n\n\n\n

NZL owns 14,487 hectares of high-quality New Zealand rural land which is 100% tenanted on long-term leases. It generates shareholder value through asset value appreciation and cash flows from its long-term leases which have regular CPI adjustment provisions \u2013 NZL is not involved in the day-to-day operations of its farm and forestry assets.<\/p>\n\n\n\n

Roc Partners is a specialist private markets investment manager. It manages capital for some of Australia\u2019s largest institutions and superannuation funds and offers investment solutions for family offices, foundations, endowments and high net worth investors globally.<\/p>\n\n\n\n

NZL chair Rob Campbell said \u201cthe decision by a specialised investor of Roc Partners\u2019 standing to purchase a stake in NZL\u2019s rural land assets is an important milestone in NZL\u2019s long-term growth strategy\u201d.<\/p>\n\n\n\n

\u201cThis transaction reflects the strong alignment of two partners with deep experience investing in high quality rural assets\u201d he said.<\/p>\n\n\n\n

\u201cUpon completion NZL will fully review allocation of the funds. NZL and Roc will work together on future growth opportunities.\u201d<\/p>\n\n\n\n

Brad Mytton, managing partner for agriculture at Roc Partners, said that Roc Partners brings more than 25 years\u2019 experience in private asset investment to NZL.<\/p>\n\n\n\n

\u201cOur expertise in, and focus on, agricultural assets within our Real Assets portfolio is industry leading,\u201d he said.<\/p>\n\n\n\n

\u201cWe are attracted by the quality of NZL\u2019s individual assets, its commitment to sustainability, and the long-term potential for accessing quality rural land assets in New Zealand.  <\/p>\n\n\n\n

\u201cNZL enjoys advantaged access to rural deal flow, and we expect a fruitful ongoing investment relationship. We are committed and hold ourselves and our investees to the same high standards in the actions we take to transition to a more sustainable economy.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"Australian investment manager will acquire quarter of rural land holdings.\n","protected":false},"author":33,"featured_media":74808,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_FSMCFIC_featured_image_caption":"NZL says transaction reflects the strong alignment of two partners with deep experience investing in high quality rural assets.","_FSMCFIC_featured_image_nocaption":"","_FSMCFIC_featured_image_hide":"","footnotes":""},"categories":[2],"tags":[68],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t