Rural Equities Limited (REL) is a company which invests in and manages rural property for long term capital growth and income. Originally incorporated in 1989, the company has its head office in Hastings, New Zealand.
Through its 100% wholly owned subsidiary, the New Zealand Rural Property Trust, it owns a diverse portfolio of sixteen high quality rural properties spread throughout New Zealand, comprising 6,761 hectares.
The farms are a mix of sheep and beef, dairy, deer and arable and are spread throughout New Zealand from Waikato to Southland. There are eleven farms in the South Island and five in the North Island. Seven are leased to individual farmers and the other nine are directly managed.
Six of the directly managed farms are dairy farms and approximately 4,700 cows are milked in conjunction with 50/50 sharemilkers. There is one dairy support grazing property in Canterbury. There are two directly managed sheep and beef properties, Waikoha near Hamilton and Middle Hills in Central Hawke’s Bay.
Environmental considerations and good soil husbandry feature strongly at all REL properties, together with tree planting programmes in strategic locations.
To provide diversification REL intends to accumulate a large portfolio of equity investments over the long term for dividend yield and capital growth. REL is also administration manager of the PGG Wrightson Employee Benefits Plan and provides administrative and accounting services to a number of other entities.