| Decision | Consent granted Section 12(1)(a) Overseas Investment Act 2005 |
|---|---|
| Decision maker | Toitū Te Whenua Land Information New Zealand |
| Decision date | 21 November 2024 |
| Pathway | Sensitive land-farm land benefit test |
| Investment | Acquisition of a freehold interest in approximately 7 hectares of land at 56 Wiroa Road, Kerikeri being the Marsden Estate Vineyard |
| Consideration | $3,705,000 |
| Applicants | Michael Bruce Endean, Richard George Ashwell Palmer and Paul Jon Young as trustees of the Mike and Shirley Endean Marsden Charitable Trust Marsden Winery Limited Marsden Winery Restaurant Limited |
| Vendors | Cindy Jane MacIvor, Roderick James MacIvor and Dennis Robert Pleydell-Bouverie as trustees of the Marsden Trust New Zealand 100% |
| Background | The Mike and Shirley Endean Marsden Charitable Trust is acquiring approximately 6.7 hectares of land at 56 Wiroa Road, Kerikeri. The land includes the Marsden Winery restaurant business, which is being sold along with its adjoining vineyard and winery. The winery and restaurant will initially be leased to the second applicant, Marsden Winery Limited, which will run both, although the restaurant may subsequently be leased to the third applicant, Marsden Winery Restaurant Limited. The Land has been on the market for approximately 10 years and, due to lack of interest in the full property, was in the process of being subdivided to sell as lifestyle blocks which would have resulted in the restaurant closing. Consent was granted as the Applicant has met the investor test criterion and the investment is likely to benefit New Zealand. |
| More information | Alan Lear, Barrister PO Box 3705 Auckland 1140 |
Summer services update
Summer services update
Summer services update
Our offices and services will have reduced availability over the holiday period. Read more about our holiday hours and services availability.