Tasman farm sale reaps multi million-dollar profit for New Plymouth ratepayers

  • The once controversial Tasman farms have made New Plymouth district ratepayers $92.28 million in profit.

The farms, which were owned through New Plymouth District Council’s Perpetual Investment Fund (PIF) were sold to a Chinese company earlier this year for NZ$307m.

This week Taranaki Investment Management Limited (TIML), which oversees the PIF, have finally revealed what they originally paid for the farms, and therefore the profit that was made.



The Tasman Farms, pictured here, netted ratepayers more than $90m in profit.