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.
NZ Rural Land lists, may come back for 2021 - Rob Campbell
21 Dec, 2020 04:56 AM
4 minutes to read
New Zealand Rural Land Co (NZRLC) chairman Rob Campbell says the newly-formed property investor plans to raise more capital early next year after just managing to get its initial public offering (IPO) over the line.
NZRLC listed on the NZX today after its fundraising came in at the bottom end of $75 million to $150 million target range, helped along by a last-minute $750,000 injection from Allied Farmers.
The stock - which was to have debuted on last Friday - listed at $1.31, a small premium to its $1.25 issue price.