South Island wine, dairy properties go to foreigners
The Overseas Investment Office has given the nod for more rural properties to go to overseas buyers.
Nevada-based Gibbston Valley Wines chairman and majority shareholder Phil Griffith has been given approval to buy all the shares in the company.
He currently owns 83.9% and will now be permitted to go to 100% ownership.
The company owns 42ha at Gibbston near Queenstown.
The Overseas
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Chris Hutching
Tue, 01 May 2012
Tue, 01 May 2012
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South Island wine, dairy properties go to foreigners
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