American allowed to buy more coastal land
An American who controversially bought the station on Young Nicks Head near Gisborne has bought another coastal farm nearby.
Sunday, July 31st 2005, 9:04AM
by The Landlord
An Overseas Investment Commission decision last week allowed Nicks Head Station owner John Griffin to buy Mapiri Station, a 552ha farm adjoining the coastline south of Young Nicks Head, for $6 million.The decision, made by Deputy Prime Minister Michael Cullen and Lands Minister Pete Hodgson, will give Mr Griffin ownership of a total of 1236ha in the Muriwai coastal area.
The farm is being leased back to the existing owners, Sally, Hugh and Selwyn Trafford, for two years.
Access to the coastline for local iwi will be guaranteed as part of the consent conditions, a spokeswoman for Dr Cullen said yesterday.
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