DecisionConsent granted
Section 12(a) Overseas Investment Act 2005
Decision MakerThe Minister for Land Information and the Associate Minister of Finance
Decision Date3 December 2018
InvestmentAn overseas investment in sensitive land, being the Applicant's acquisition of a freehold interest in approximately 59.1889 hectares of land on Cooper Road, Patutahi, Gisborne
ConsiderationWithheld under s9(2)(b)(ii) of the Official Information Act
ApplicantCraigmore Permanent Crop Limited Partnership
Hong Kong (SAR) (29.87%)
Germany (29.05%)
United Kingdom (28.49%)
Finland (6.81%)
United States of America (3.52%)
New Zealand (1.72%)
Ireland (0.47%)
Various overseas persons (0.07%)
Vendors

D.W. Briant Limited
New Zealand (100%)

Peter Donald Briant and Nicholas Anthony Bunting (as trustees of the Briant Farms Trust)
New Zealand (100%)

Background

The Applicant is a limited partnership established as a horticulture investment vehicle and is part of the wider Craigmore Farming Group. 

The land being acquired is currently being used for growing approximately 8.6 hectares of grapes and leasing the remaining arable land for growing annual crops and pastoral grazing. The Applicant intends to develop approximately 33 hectares of the land into an apple orchard and continue growing the same volume of grapes. 

The benefits to New Zealand once the apple orchard has reached maturity include: 

  • creating approximately 20 direct full-time equivalent jobs in relation to developing the apple orchard and for pruning and picking apples;
  • approximately $3.4 million in annual export receipts;
  • additional investment for development purposes relating to development of the apple orchard; and 
  • increased productivity of the land.
More informationOliver Roberts/Phoebe Davies
Duncan Cotterill 
PO Box 5
CHRISTCHURCH 8140