$1.8M for developer
PA Wellington Listed horticultural developer, Horner Greenlees Corp., has raised $l.B million from investors for the development of a new kiwifruit orchard near Te Puke.
Dominion Park, a 20ha kiwifruit and nashi orchard, closed over-sub-scribed at the end of September, a company spokesman, Ross Jenkins, said yesterday.
The larger investor was
targeted with the company offering 18 units of $lOO,OOO each. After borrowings, $2.3 million would be invested in the orchard, Mr Jenkins said. The Dominion Park project follows the company’s Fruit Force kiwifruit investment, which also closed over-sub-scribed earlier this year. Horner Greenlees manages investments and projects valued at more than $45 million
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Press, 7 October 1987, Page 39
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107$1.8M for developer Press, 7 October 1987, Page 39
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