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.

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

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