Kāinga Ora’s huge upfront payment landed his purchase of Ferncliffe Farms

Finance Minister Grant Robertson has been warned of an increased risk of public funds “maintaining or increasing urban land prices rather than reducing them”. Photo/Getty Images

The government’s winning bid of $70.4million for rural land known as Ferncliffe Farms beat out private sector bids as it was a ‘huge upfront payment’ with no strings attached to mitigate risk, sources say close to the process

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