| Decision | Consent granted Section 12(1)(a) Overseas Investment Act 2005 |
|---|---|
| Decision maker | Toitū Te Whenua Land Information New Zealand |
| Decision date | 27 May 2026 |
| Pathway | Sensitive land - Farm land benefit test |
| Investment | Acquisition of a freehold interest in approximately 56.4170 hectares of land at 286 Lakefront Terrace, Tarras-Cromwell Road, Cromwell, Otago |
| Consideration | Withheld under section 9(2)(b)(ii) of the Official Information Act 1982 |
| Applicant | Alpha Ally One Limited Singapore 100% |
| Vendor | Misha’s Vineyard Wines Limited New Zealand 91% Various 9% |
| Background | The Applicant is wholly owned by a Singaporean citizen. The Applicant is acquiring an established vineyard in Cromwell, Otago and intends to continue using it as a vineyard, whilst also increasing its plantable area. The key benefits that will likely result from this investment are economic benefits in the form of capital investment, increased productivity, increased export receipts and the creation of employment. Consent was granted as the Applicant has met the investor test criterion and the investment is likely to benefit New Zealand. |
| More information | Catherine Reid Catherine Reid, Barrister catherine@catherinereid.co.nz |