Rothschild company buys up Central Otago vineyard

Rothschild company buys up Central Otago vineyard
The Akarua Estate vineyard in Central Otago was founded in 1996 by former Dunedin mayor Sir Clifford Skeggs. (Image: Akarua)
Staff reporters
A French wine producer owned by the Rothschild family has bought a premium vineyard in central Otago. Edmond de Rothschild Heritage, which already has a small holding in Marlborough, received Overseas Investment Office approval to buy a 52-hectare estate with 34.5ha of vines in Bannockburn, along with the Akarua Estate brand. Akarua Estate was founded in 1996 by former Dunedin mayor Sir Clifford Skeggs. His son, David Skeggs, said the sale to Edmond de Rothschild Heritage was settled on Thursday. He declined to say how much it wa...

More Property

The high-profile Australian investor who’s bullish on Ryman
Property

The high-profile Australian investor who’s bullish on Ryman

“The risk-reward at the current level is solid,” David Kingston said.

Troubled Senior Trust to wind up
Property

Troubled Senior Trust to wind up

Retirement village investor and lender says orderly wind-down in best interests.

Maria Slade 31 Jul 2025
Property-flipping firm owes IRD nearly $9m
Property

Property-flipping firm owes IRD nearly $9m

Rickhil Prakash also owns Akrish Properties, which was liquidated owing a further $4m.

Gregor Thompson 31 Jul 2025
Developer faces mortgagee sale over $17.4m loan
Property

Developer faces mortgagee sale over $17.4m loan

Nest or Invest Group also has two other companies in liquidation.

Maria Slade 31 Jul 2025