Who owns Martinborough vineyard?
Bill Foley
Bill Foley. Bill Foley. Foley Family Wines, majority owned by American businessman and vineyard owner Bill Foley, plans to make an all-scrip $1.9 million takeover offer for pinot noir pioneer Martinborough Vineyard Estates and has already secured agreements to buy 41 percent of the company.
How much does a vineyard in New Zealand cost?
Bayleys’ local agent Trevor Mackay estimated a hectare of established vineyard would cost around NZ$60-$65,000 per hectare but admitted nothing had sold in the past two years. ‘It costs about NZ$60,000 to fully develop a vineyard so any buyer would be getting it at cost,’ Mackay said.
How many vineyards are there in Martinborough?
Martinborough is the most prominent of the three Wairarapa sub-regions. Small in size, but big in character, it is home to around 30 wineries that are mostly family owned. The wineries are within walking distance from Martinborough’s picturesque colonial town centre.
How many wineries does NZ have?
731 wineries
NZ Winegrowers membership A total of 14 new winemaker members and 38 grape growers signed up in the year to June 2021. There are now 731 wineries and 732 grape grower members.
Who owns Alana?
Mike Cornish
Alana Estate is a boutique winery situated in the heart of Martinborough’s township. It’s owned by Mike Cornish and his family who undertake much of the vineyard work.
Who owns Luna estate?
Charlie Zheng
Luna Estate was formerly Alana Estate and Murdoch James, but both were bought several years ago by New Zealand investor and wine enthusiast Charlie Zheng.
What does it mean to lease a vineyard?
Leasing a vineyard can provide a middle ground for small or start-up producers, reducing capital outlay while granting total oversight from choice of varietals, rootstock and clones through cultivation practices, irrigation and trellising through harvest.
How much money do I need for winery?
Total investment cost for all of the wineries ranged from $560,894 for the 2,000 case winery to $2,339,108 for the 20,000-case winery (Table 2). As the winery size increases, so does the investment cost. However, the investment costs increase at a decreasing rate.
What wines is Martinborough famous for?
Best known for its pinot noir, Martinborough also produces other varieties including chardonnay, sauvignon blanc and syrah. It has 20 cellar doors: wineries that open to the public for tastings.