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

Mon, 10 Oct 2022

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...

Subscribe to BusinessDesk

Stay informed on business, government and financial developments across New Zealand.

Deeply researched, twice-edited and fact-checked news
Annual subscribers also receive a complimentary subscription to The Wall Street Journal
Personalised email news alerts, plus gift up to 5 stories a month to non-subscribers

You can cancel anytime with two clicks, an email or a phone call.
Find out more.

We are serious about journalism.

Name {{ registerForm.errors.get('name') }}

Email address {{ registerForm.errors.get('email') }}

Phone Number {{ registerForm.errors.get('phone') }}

Job Title {{ registerForm.errors.get('title') }}

Password Minimum password length of 8 characters.
Require at least one upper and lowercase, numeric, and special character. {{ registerForm.errors.get('password') }}

Repeat password {{ registerForm.errors.get('password_confirmation') }}

We had trouble validating your card. It's possible your card provider is preventing us from charging the card. Please contact your card provider or customer support.

Credit Card

Cardholder's name

{{ __(plans[index].name) | capitalize }} {{ plans[index].attributes.old_price | currency }} {{ plans[index].price | currency }}

All subscriptions auto renew but are easy to cancel.

I Accept The Terms Of Service

{{ registerForm.errors.get('terms') }}

Tax: {{ taxAmount(selectedPlan) | currency }}

Total Price Including Tax: {{ priceWithTax(selectedPlan) | currency }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerSeat ? '/ '+ spark.seatName : '' }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerTeam ? '/ '+ __('teams.team') : '' }} / {{ __(selectedPlan.interval) | capitalize }}