Treasury Wine Estates (Matua) Limited
Case number(s)
Decision date
DecisionConsent granted
Section 12(1)(a) Overseas Investment Act 2005
Decision makerThe Minister for Land Information and the Associate Minister of Finance
Decision date12 February 2024
Pathway(s)Sensitive land - Farm land benefit test
InvestmentAcquisition of a freehold interest in 245.0147 ha at 4336 State Highway & 63 Wairau Valley, Marlborough
ConsiderationInformation withheld under s 9(2)(b)(ii) of the OIA 1982
ApplicantTreasury Wine Estates (Matua) Limited
Australia 35%
United States of America 27%
United Kingdom 8%
Various 30%
VendorWeta Estate Limited
New Zealand 100%

The Applicant is a New Zealand company ultimately owned by ASX-listed company Treasury Wine Estates Limited.

The land is currently used as a vineyard. The Applicant intends to continue to operate the land as a vineyard, with a special focus on Sauvignon Blanc.

The key benefits likely to occur as a result of the investment are the creation of jobs, increased capital expenditure, increased productivity and export receipts, environmental benefits in the form of riverbank protection works and sustainability initiatives, as well as general positive impact on the Marlborough region. 

Consent was granted as the Applicant has met the investor test criterion and the benefit likely to occur as a result of the Investment is likely to benefit New Zealand.

More informationTessa Baker
Chapman Tripp (Auckland)