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KEEN INTEREST IN GOLD3 KIWIFRUIT.

28/May/2018


A final opportunity to profit from the bumper 2018 gold kiwifruit season has generated strong investor interest says rural investment specialist, MyFarm.

MyFarm has this week launched a $5.5 million capital raise for the purchase of a 5.2 hectare Gold3 kiwifruit orchard at Paengaroa, in eastern Bay of Plenty. Napoli Orchard Limited Partnership is the second gold orchard MyFarm has syndicated this year but only the third since it began offering opportunities to invest in kiwifruit in 2016.

MyFarm CEO, Andrew Watters says MyFarm has experienced very high demand for information about Napoli Orchard with over 200 investors requesting the Information Memorandum.

"There are two reasons for this – one is that this investment is being made with the returns from the 2018 crop included in the purchase and the other is simply the profitability of the gold kiwifruit sector creating unprecedented demand for orchards in Bay of Plenty."

Napoli Orchard is adjacent to the $13 million El Dorado orchard which MyFarm syndicated in February this year. It will also be leased by well-known orchard manager, DMS Ltd, which operates more than 400 hectares of orchards in Bay of Plenty. DMS has agreed to a 10 + 5 year lease term paying an annual rental of 6% p.a. plus 65% of the orchard profit.

Andrew Watters says the lease model works well for all parties in orchard investments.
"This arrangement with DMS ensures that the investment is passive, minimum returns are underwritten yet good profits are also available in good years."

Eligible investors will be able to own a stake in Napoli orchard for a minimum investment of $100,000, provided they have applied by Tuesday 5 June.

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MyFarm Investments

Call 0800 MYFARM (0800 693 276)
Phone: +64 6 323 2954 | Fax +64 6 323 0599
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New Zealand
info@myfarm.co.nz

Talk with our Farm
Investment Team

Grant PaytonGrant Payton
grantp@myfarm.co.nz
029 445 5871
 
Karen RichardsonKaren Richardson
karen@myfarm.co.nz
021 262 2779
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