Applicant
Moonee Property Limited
Case number(s)
200710024
Decision date
Type
Decision
Decision number200710024
Application number200710004
Date22 March 2007
Offeror/applicantMoonee Property Limited
Ultimate applicant beneficial ownership100 percent - France, Bourgeois Family
Beneficial overseas ownership 
- Asset current0 percent
- Asset proposed100 percent
- Share currentN/A
- Share proposedN/A
Beneficial overseas ownership 
- Asset current0 percent
- Asset proposed100 percent
- Share currentN/A
- Share proposedN/A
Offeree(s)/seller(s)The Delta Wine Company Limited of New Zealand
Business activitiesAgriculture - Horticulture & Fruit -Viticulture
Details of land involved11.7805 hectares of freehold situated at State Highway 63, Renwick, Blenheim being Part CT 244563 (Marlborough Registry).
Regions involvedNelson/Marlborough
Total consideration$253,125
Consent soughtTo acquire an interest in land which, either alone or together with any associated land of that type, is or includes non-urban land and exceeds 5 hectares in area.
Rationale

The application has been approved as it met the criteria.

The Overseas Investment Office is satisfied that the individuals with control of the Applicant collectively have business experience and acumen relevant to the overseas investment, and that the Applicant has demonstrated financial commitment towards the overseas investment. The Overseas Investment Office is further satisfied that each individual who exercises control over the applicant is of good character and not an individual of the kind referred to in section 7(1) of the Immigration Act 1987.

The objective of the Bourgeois family in New Zealand is to create unique wines following traditional French wine making methods. The first vintage in New Zealand was produced in 2003 and has been well received at an international level. The application arises due to an adjacent property owner embarking upon a subdivision of its land and a surplus of land being established. The surplus land adjoins the Applicant's existing land holding and as a condition of the subdivision it is to be amalgamated with the Applicant's land. Essentially a boundary adjustment would take place.

The proposal is likely to result in the following benefits:

  1. the increased use of local contractors in the Marlborough region; and
  2. enhancement of the reputation of the Marlborough and New Zealand wine industry.
ContactToby Giles
Saunders & Co.
PO Box 18
Christchurch Mail Centre
CHRISTCHURCH 8140