KEY POINTS:
The Government has moved to stop any sale of Taurewa Station near National Park in the central North Island.
State Owned Enterprises Minister Trevor Mallard said the property would be given further protection by the Crown until ownership issues are resolved.
"Taurewa Station will join a group of nine other Landcorp properties that are already covered by the Protected Land Agreement that state-owned Landcorp and the Crown signed last September."
He said the move provided assurance to local hapu that the station would not be sold.
"The inclusion of the station within the agreement does not prejudice the offer-back process under the Public Works Act, which will continue," Mr Mallard said.
Landcorp will receive compensation for Taurewa Station at the market value of $13.208 million in the form of deferred dividends.
Once Taurewa Station is included under the Protected Land Agreement, Landcorp will continue to farm the property as usual, and will continue to protect its conservation and other natural values.
- NZPA
