Three vineyards offer chance to pop corks in Hawke’s Bay
Three well-performing Hawke’s Bay vineyard properties have been placed on the market, providing an opportunity for buyers to secure one or more established viticulture operations to continue grape production or convert the large-scale landholdings to an alternative use.
The properties are owned by New Zealand-based The Wine Portfolio which is looking to divest part of its extensive portfolio of vineyards.
Tantallon Vineyard is located at SH50Maraekakaho Rd in Roys Hill-Bridge Pa within the Ngatarawa Triangle viticultural sub-region. The Kinross Jurgen and Kinross Kent vineyards are in Omapere Rd in the Crownthorpe viticulture area.
Both areas are renowned for early cropping, with the vineyards having good soils and water, consistent production volumes, and producing quality fruit with a broad range of varietals suited to each of the specific sites.
Plantings include cabernet sauvignon, merlot, pinot noir, gewurztraminer, malbec, syrah, montepulciano, chardonnay, pinot gris and viognier.
Many award-winning wines have been made from grapes sourced from these vineyards for wine companies around the world.
The properties have a combined land area of 334.2ha. There are no active supply contracts associated with any of the vineyards, and there are varying amounts of infrastructure across the individual landholdings.
The vineyards are being offered for sale as individual lots, in some combination, or as a complete portfolio via tender closing May 1 through Mike Poff and Tim Wynne-Lewis of Bayleys.
They say that unlike other parts of the region, these properties saw no significant damage during Cyclone Gabrielle, and given the soil and water credentials, the land could potentially be converted to horticulture or cropping ventures.
Poff says the vineyards are significant holdings and with the current owners rationalising their national portfolio, there’s plenty of opportunity for a new owner or owners to enter the Hawke’s Bay viticulture sector or to add to an existing operation.
“Individually, these are viable, standalone productive units producing quality grapes that have contributed to some acclaimed wine.
“When bundled together, the combined landholdings would give a buyer a really solid foothold in the Hawke’s Bay market with all the most popular varietals covered off.
“There’s a documented nationwide shortage of chardonnay currently, and with chardonnay grapes planted across all three of these blocks, astute buyers will recognise the opportunity.”
■ Tantallon Vineyard has streamlined access off both SH50 and Maraekakaho Rd and comprises 119ha in total, with 106ha planted in a mix of cabernet sauvignon, merlot, malbec, syrah, montepulciano, chardonnay, pinot gris and viognier.
Improvements include a tidy threebedroom house, three bores, office, workshop, implement shed and other ancillary buildings.
■ In Omapere Rd, the 54.9ha Kinross Jurgen block has 35ha planted in chardonnay and pinot noir.
The property is on an elevated terrace headland overlooking the Ngaruroro River and has additional land that could be planted.
■ The Kinross Kent block covers approximately 160ha, with 100ha planted in chardonnay, sauvignon blanc, gewurztraminer and pinot noir.
This property spans both sides of Omapere Rd, occupying a series of river terraces on one side and an additional block on the other. Improvements include a fourbedroom family home, staff amenities, extensive shedding and a large workshop.