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KiwiRail confirms Clifford Bay land sale
Media Release
28 August 2014
KiwiRail confirms Clifford Bay
land sale
KiwiRail has confirmed that the sale of the land at Clifford Bay owned by Clifford Bay Limited to local wine grower Peter Yealands has been finalised.
The 413 hectare site was placed on the market earlier this year.
National Manager, Property, Investment and Revenue Andrew Robinson said that the sale price is a private matter between the parties involved.
“KiwiRail has a duty as a state owned enterprise to operate commercially, and make a return on investment, and this sale fulfills those requirements.”
The property was purchased in 1993 by Clifford Bay Limited.
“The Government’s decision last year not to proceed with the development of a new terminal means that the land is surplus to our requirements and therefore the most sensible option is for it be sold,” says Mr Robinson.
Yealands Wine Group Principal, Peter Yealands, also owns the historic Flaxbourne Station and says that he plans to upgrade both properties together.
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