OIO approves sale of station

Mid Canterbury farmers are keeping an open mind about overseas farm ownership after a Czech Republic businessman won consent to buy 40,000 hectares of high country land near Arthur’s Pass.

The Overseas Investment Office (OIO) has approved the sale of Mt White Station on mostly Crown pastoral land for an undisclosed price to Lukas Travnicek, under his company Southern Ranges.

Travnicek is a New Zealand permanent citizen, but needed OIO approval because he returned temporarily to the Czech Republic with his family in May last year. The OIO requires him to return to New Zealand in just over . . .

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