Mission Estate buys vines
A Marlborough wine company, placed into liquidation almost two years ago, has sold its 100-hectare Awatere Valley vineyard to Hawke's Bay wine label Mission Estate.
Mission Estate is thought to be the oldest winery in New Zealand, set up in the 19th century by Catholic missionaries, the Society of Mary.
New Zealand Winegrowers chairman Stuart Smith said the vineyard sale showed that confidence was returning to the market.
"As far as I'm aware, it's the first time the winery [Mission Estate] has bought outside its region. Out of the rest of the country, they chose to buy here, and that's a huge positive for Marlborough as the country's primary winegrowing region."
Mission Estate chief executive Peter Holley said the company bought the vineyard to make sure it was getting fruit from the country's best wine growing regions. It would help the winery, which this year celebrated 160 years operation, move into new export markets, he said.
The Cable Station Rd vineyard, formerly owned by Cape Campbell Wines, was placed on the market to repay debts owed by the company, which was placed into receivership in July 2010.
Former vineyard owners Murray and Daphne Brown will continue to play an integral role in the business as managers.
The Marlborough Express