West Coast Dairy Investment Opportunity
Ray Fraser
Client Director – Structured & Specialised Finance
An opportunity to acquire a shareholding of up to 90% in a fully developed West Coast dairy business across ~1,250 hectares, milking 1,420 cows through two 50-bale rotary sheds
INVESTMENT SUMMARY
Fully Developed A sustained development programme has been completed, leaving a consolidated platform with renewed infrastructure.
Majority Shareholding Available Up to 90% of the shares are on offer, with continuing shareholders retaining the balance, including the experienced equity operators.
Forecast Return FY28 ROI of 7.78% based on a $9.80/kgMS payout.
Sustainable Leverage $17.64/kgMS bank debt and ~40% LVR.
Surplus Cashflow Strong surplus cash flow available for debt repayment, dividends or growth opportunities.
Accrued Tax Credits Significant tax credits from the development period available to be retained.
BUSINESS & OPERATOR OVERVIEW
Experienced Operators: The existing equity operators continue, with 18 years on the property and an established team across both sheds.
Scale and Contour: 1,101 ha freehold plus 149 ha leased, flat to easy contour — 718 ha milking platform, 140 ha dairy support, 1,420 cows.
Growth: Opportunity to purchase the neighbouring lease property which forms part of the milking platform.
Location: A single contiguous property just 22 km to the Westland Milk factory at Hokitika.
OPPORTUNITY
ABOVE REGIONAL AVERAGE against the DairyNZ West Coast average.
EFFICIENCY GAINS Halter collars, an expanded regrassing programme and feed efficiency initiatives targeted at lower labour and feed costs.
PAYOUT LEVERAGE Close to 1% more ROI for every 25c of payout, with land appreciation additional to modelled returns.
GOING-CONCERN SALE Livestock, plant and vehicles are held within the company and transfer with the shares.
A mid-season FY27 settlement is available.
Expressions of interest close 30 October 2026
Contact:
For further detailed information on this opportunity please contact;
Ray Fraser
027 243 0025
ray.fraser@nzab.co.nz
Important Notice:
The information used in preparing this document was obtained from sources to which we have been authorised access and New Zealand Agri Brokers Limited (NZAB) has made no independent verification of the information. Accordingly, no representation or warranty of any kind (whether express or implied) is given by NZAB, its partners/directors or employees as to the accuracy, completeness or fitness for any purpose of this document. This document is for general information only and is not financial advice or an offer of financial products. Interested parties should make their own enquiries.
