| Decision | Consent granted Section 12(1)(a) Overseas Investment Act 2005 |
|---|---|
| Decision maker | Toitū Te Whenua Land Information New Zealand |
| Decision date | 23 February 2026 |
| Pathway | Sensitive land - Farm land benefit test |
| Investment | Acquisition of a freehold interest in approximately 43.6302 hectares of land at 557 Pyramid Valley Road, Pyramid Valley, Waikari, North Canterbury (Land) |
| Consideration | $863,000 |
| Applicant | Aotearoa New Zealand Fine Wine Estates LP United States of America 95% New Zealand 5% |
| Vendor | Surreyfield Farms Limited New Zealand 100% |
| Background | The Applicant is a New Zealand limited partnership that operates a fine wine business. The Land sits next to the Applicant’s vineyard. A water storage dam is located on the land, which the Applicant recently built under an easement agreement to support the vineyard. A local farmer currently grazes part of the Land. The Applicant wants to buy the Land to make sure it can continue to use the dam and the nearby seasonal stream. These water sources are important for frost protection and irrigation of the vineyard’s plantings. The purchase is expected to benefit New Zealand by helping ensure the long‑term viability of the vineyard and by creating additional investment in water supply infrastructure. Consent was granted as the Applicant has met the investor test criterion and the investment is likely to benefit New Zealand. |
| More information | Katherine Binstead Wynn Williams PO Box 4341 Christchurch 8140 |