18 Feb 2014

High country run stays in NZ hands

9:26 am on 18 February 2014

A North Canterbury high country station is staying in New Zealand hands after being sold to a local farming couple for an undisclosed price.

Castle Hill Station was owned by businesswoman, philanthropist and author Christine Fernyhough.

She bought it in 2004 for $2.4 million in a deal with the Department of Conservation, which acquired 8000ha of the original 11,000ha run.

Bayleys Canterbury agent Ruth Hodges said Castle Hill was running more than 6500 thousand stock units on about 3000ha and had undergone an intensive regrassing, fertilizing and fencing programme.

The unnamed new owners were a husband and wife team who had sold their Canterbury cropping unit to move into a less time-intensive sheep, beef and deer operation, Ms Hodges said.

Castle Hill Station.

Castle Hill Station. Photo: Bayleys