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US property gurus reveal 10% stake in NZ Rural Land Co
21 Dec, 2020 11:56 PM
2 minutes to read
A US property investor has revealed a 10 per cent stake in NZRLC. Photo / Hawke s Bay Today
Clyde and Rena Hollard - experienced American property investors with New Zealand residency - have emerged as key shareholders of NZ Rural Land Co (NZRLC) after its initial public offering and share market listing this week.
In a notice to the NZX, the Hollands said they held 5.96 million shares, or 9.86 per cent of the company, worth $7.45 million at the $1.25 issue price.
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Last year, Holland was keynote speaker at the Residential Development Summit in Auckland.