Craggy Range Vineyards gets green light to expand from OIO

Tue, 31 Jul 2018

By Rebecca Howard July 31 (BusinessDesk) - Craggy Range Vineyards has been given a green light to buy 132 hectares of land in the Wairarapa for $3.6 million. The purchase will let the Australian-owned company expand its existing Martinborough vineyard, which is about a kilometre away, the Overseas Investment Office said. The site is currently undeveloped and "because the land would otherwise be used as bare grazing land, the investment is likely to result in much of the land being converted to a higher, more productive use," the OIO...

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