Cloudy Bay Vineyards 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 date26 February 2024
Pathway(s)Sensitive land – Farm land benefit test
InvestmentAcquisition of freehold interest in approximately 39.6020 hectares at Sugarloaf Drive, Mount Pisa, Central Otago
ApplicantCloudy Bay Vineyards Limited
France 66%
United Kingdom 34%
VendorMervyn Nelson Shaw and Louise Margaret Shaw as trustees of the Seaview Farm Trust
New Zealand 100%

The Applicant is an established New Zealand winemaker, well-known for its Sauvignon Blanc wine. It is ultimately 66% owned by LVMH Moёt Hennessy Louis Vuitton SA, a multinational luxury brand conglomerate, and 34% owned by Diageo plc, a United-Kingdom based alcohol beverage company.

The Applicant seeks to acquire the land to plant Chardonnay and Pinot Noir vines. 

The main benefits to New Zealand are likely to include increased export receipts, the creation of jobs and capital investment. 

Consent was granted as the Applicant met the investor test criterion and the investment is likely to benefit New Zealand.

More informationCatherine Reid - Barrister