Laguna Bay Acquires Three Dairy Farms in New Zealand's South Island

Australian agriculture investment firm Laguna Bay has successfully obtained the necessary approval to acquire three dairy farms located in New Zealand's lower South Island. This strategic acquisition is part of Laguna Bay's ongoing efforts to expand its agricultural investments across the primary sectors in both Australia and New Zealand.

Laguna Bay, which was established in 2010, manages investments on behalf of institutional and wholesale investors, including the Washington State Investment Board, one of its major clients. The firm is already recognized as a significant player in the dairy industry, particularly in Tasmania, where it manages a herd of 14,000 cows.

The newly acquired farms have been leased to Fortuna Group, further demonstrating Laguna Bay's strategy of forming joint ventures and partnerships to manage its agricultural assets effectively. A spokesperson from Toitū Te Whenua Land Information New Zealand (Linz) confirmed the approval of this transaction, marking a significant development in the region's agricultural landscape.

The acquisition is expected to enhance Laguna Bay's operational capacity and strengthen its role in the dairy farming sector, aligning with its broader investment strategy. The firm's approach focuses on sustainable and productive agricultural practices, ensuring long-term growth and returns for its investors.