Applicant
Compagnie Vinicole Baron Edmond de Rothschild Winemakers
Case number(s)
201210105
Decision date
Type
Decision
DecisionConsent granted
Section 12(a) Overseas Investment Act 2005
Decision date10 August 2012
InvestmentAn overseas investment in sensitive land, being the Applicant's acquisition of a freehold interest in 26.4160 hectares of land at 200 & 256 Raparua Road, Marlborough.
Consideration$3,700,000
ApplicantCompagnie Vinicole Baron Edmond de Rothschild Winemakers
Benjamin de Rothschild, France (100.0%)
VendorPaul Family Company Limited
Ursula Paul, New Zealand (100.0%)
Background

The Applicant is acquiring the land to establish an ultra-premium single estate wine brand.

The overseas investment transaction has satisfied the criteria in section 16 of the Overseas Investment Act 2005. The 'substantial and identifiable benefit to New Zealand' criteria were satisfied by particular reference to the following factors:

Overseas Investment Act 2005
17(2)(a)(i) – Creation of jobs
17(2)(a)(iii) – Increased export receipts
17(2)(a)(v) – Additional investment for development purposes

Overseas Investment Regulations 2005
28(b) – Key person in a key industry

More informationJohn Brown
Brown Partners
Lawyers
PO Box 1496
Shortland Street
Auckland 1140