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Sector

Vineyards

Total asset value

$5.2 m

Land area

20.7 cha

This partnership was established in 2017 and was Myfarm’s third vineyard syndicate based on a ’buy and lease’ model.

The Partnership is being formed to purchase and lease out a 20.7 canopy hectare (Cha) mixed variety vineyard in the Wairau Basin, which is in the sub-region of Marlborough.

This substantial vineyard property is located in the western part of Marlborough’s Wairau Plain in the heart of Marlborough’s grape growing region. It enjoys a northerly aspect on the northern side of State Highway 63, approximately 8km west of Renwick. This part of the Wairau Valley is intensively planted with vineyards as the free draining terraces of the Wairau River are well suited to viticulture.

This vineyard is well established and planted with sought-after varieties, modern clones, and low vigour rootstocks well suited to premium wine production. There is a long history of award recognition exemplifying the quality of fruit coming from this vineyard. More than half of the vineyard’s vines are Sauvignon Blanc.

A Long-term lease is in place with Misty Cove Wines, one of New Zealand’s fastest growing export wine producers, supplying major markets in North America, Europe and Scandinavia.

Operational partner

Misty Cove

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