A Dutch-owned Southland flower company has bought a new block of land near Invercargill for $1.6 million.
Horizon Flowers NZ Ltd has taken ownership of a 41ha block in Mabel Bush, according to an Overseas Investment Office decision.
Horizon Flowers is one of several companies with Dutch connections growing tulips for export in the Southland region.
Its new block of land is at present being used to grow supplementary feed and is next door to Horizon's existing bulb facility.
The company intends to grow tulips bulbs on the land, on a rotational basis, with the remainder used to grow supplementary feed and other crops as part of the rotation plan.