The farmland company New Zealand Pastures Ltd. has completed the first close on a new farmland investment vehicle.  Singapore-based Duxton Asset Management has made its first investment in New Zealand agriculture and has invested through its funds to take a 50% stake in the company which will produce approximately 1.5% of the country’s lamb exports on 23,500 hectares of farmland on South Island worth NZ$100 million.  The close marks the first significant investment in the New Zealand beef and sheep sector which has faced challenges in the past of providing the operating structure required by institutional investors

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