DecisionConsent granted
Section 12(a) Overseas Investment Act 2005
Decision Date14 December 2017
InvestmentAn overseas investment in sensitive land, being the Applicant's acquisition of a freehold interest in approximately 6.4287 hectares of land at Felton Road, Bannockburn, Cromwell.
ApplicantSauvage Family Vineyard
Marquis and Dianne Sauvage, United States of America (100%)
VendorVintner Holdings Bannockburn Limited
Yvon Emile Louis Montagnat, New Zealand (75.1%)
Marianne Aline Montagnat, New Zealand (24.9%)

The Applicant has an established premium wine making and exporting business and wishes to buy the land to meet self-sufficiency targets and have security regarding the ongoing supply of grapes. 

The investment is likely to result in the following benefits to New Zealand:

  • Introducing a substantial amount of additional investment for development purpose to convert the land to an organic and biodynamic vineyard;
  • Successful previous investment in adjacent vineyard which generates export receipts and employment; and
  • Enhancing the viability of other investments by providing the Applicant with additional secure supply of quality grapes for its premium wine manufacturing
More informationElliot Goldman
Goldman Legal
PO Box 1399