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Plenty left over for Allied Farmers if Five Mile sale goes through
Thursday 10th of June 2010
Allied has secured a buyer for the 23.4 hectare piece of land, and though managing director Rob Alloway said the offer was north of the $23.2 million valuation and would easily cover the prior-ranking mortgage with Stephen Lockwood's Uno Finance, formerly known as Lockwood Finance. The mortgage had been organised by previous owner Hanover, and Alloway said it had not been paid earlier because e...
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