Wairau Valley Vineyards LP 

  Viticulture  

  

  MyFarm Limited  

WARNING: The law normally requires people who offer financial products to give information to investors before they invest. This requires those offering financial products to have disclosed information that is important for investors to make an informed decision. The usual rules do not apply to this offer if you are a person who comes within Schedule1, clause 3(2)(a)-(c) or 3(3)(a)-(b)(ii) (inclusive) of the Financial Markets Conduct Act 2013. This includes where the amount invested upfront by the investor (plus any other investments the Investor has already made in the financial products) is $750,000 or more.

 

If you fall within Schedule 1, clause 3 of the FMCA as a result of this exclusion, you may not receive a complete and balanced set of information. You will also have fewer other legal protections for this investment. Investments of this kind are not suitable for retail investors.  Ask questions, read all documents carefully, and seek independent financial advice before committing yourself.

 

Note: We urge you to carefully review the Information Memorandum and additional attachments (if applicable) before lodging an application. In the event that there are any material changes to the Information memorandum communications will be added to the attachments for review.

Overview

This is an offer to wholesale investors for Units in Wairau Valley Vineyards Limited Partnership, formed to purchase two recently developed vineyards (Kowhai and Walkers) totaling 42 canopy hectares (cha) planted in Sauvignon Blanc grapes, there is approximately 4 cha that is expected to be planted in the coming season. Both properties are located in the Wairau Valley on State Highway 63, Walkers at 3211 and Kowhai at 2765 respectively. 

 

The Partnership will enter into a lease agreement with Misty Cove from settlement and will receive a gross rental return equal to 7% of the property purchase cost; once both properties are settled this is equivalent to $16,766 per cha or $772,389 per annum. 

 

Misty Cove is to lease each vineyard for an initial period of 15 years, with two rights to renew for a further 5 years each on 1 July 2037 and 1 July 2042. A market rent review will occur on 1 July 2029 and every three years thereafter.  The rental value cannot drop below the preceding period prior to the review.

 

Subject to the success of this Offer, the Wairau Valley Vineyards LP will invest in Kowhai and Walkers vineyards located in the Wairau Valley. The combined purchase price for both properties (including establishment and syndicate costs) is $11.71 million. It is proposed that the Partnership will raise $7.02 million of contributed

capital and $4.69 million of bank debt as part of this Offer. Misty Cove will acquire $2.20 million of the Units being offered as part of this Offer, this leaves $4.82 million to be raised from the other MyFarm investors. This provides Wairau Valley Vineyards LP with a targeted loan to value ratio of 43%, which is forecast to drop to 36% at maturity.

 

The MyFarm Underwriters’ Fund was used to secure the Kowhai and Walkers vineyards, via a $3.34 million property underwrite. A fee of $86,400 will be included in the establishment costs for the Partnership. 

 

The Offeror also reserves the right to accept or decline over-subscriptions and to determine which applications are accepted. No provision has been made for over-subscriptions.

 

This Offer is for 7.02 million Units in Wairau Valley Vineyards Limited Partnership at an issue price of $1/Unit.

 

The minimum investment is 50,000 Units ($50,000) and thereafter the size of an investment can be increased in multiples of $10,000. The minimum capital raise is $7.02 million Units.

 

As a Limited Partner the maximum amount payable is $1/Unit and no other payments are required to be made other than those specifically agreed to.

 

IMPORTANT DATES: Applications close at 5pm on Tuesday 21 June 2022, with payment due for 65% of Units applied for due at this time. The remaining 35% ($0.35 per Unit) will be used to settle the Kowhai vineyard and will be subject to a call notice period of 15 business days.


Manager:
MyFarm Limited
Issue Name:
Wairau Valley Vineyards LP
Market:
Agriculture
Market Type:
Viticulture

isEOI: false

Financials

Investment Type:Wholesale

Wholesale Investment Type: NZ Wholesale MIS

Total Units/Shares:7020000

Min Investment Units/Shares:50000

Min Investment Value:NZD 50,000.00

Par Value:NZD 1.00


Establishment Date: 30 June 2022

Financial Year End: 30 June 2022

Market Snapshot

Last Traded Value: 

Last Traded Price:NZD .00

Last Traded Quantity:

Last Traded Date:

Property Details

Property Name Location Address
Kowhai Vineyard Wairau Valley, Marlborough 2765 State Highway 63,
Wairau Valley 7271
Walkers Vineyard Wairau Valley, Marlborough 3211 State Highway 63,
Wairau Valley 7271

Contact

Document Name Description Date Uploaded
Wairau Valley Vineyards LP IM-23 May 2022 Wairau Valley Vineyards Limited Partnership Information Memorandum - 23 May 2022 23 May 2022 Preview/Download
Zoom: 0

MyFarm Limited

 
Issue Production Revenue Farm Working Expenses EBITDA Interest Enterprise Value NTA Equity Asset Ratio ROE
Wairau Valley Vineyards LP                  
Aupōuri Avocados LP                  
Awakeri Orchard LP                  
Awatere Valley LP                  
Bay Kiwifruit Orchards LP 63,514.00 NZD 201,821.89 NZD 107,160.03 NZD 94,661.86 NZD 215.00 NZD 2,199,868.56 NZD 2,042,400.01 109.00% 9.88%
Birch Hill Capital Raise March 2022                  
Birch Hill LP                  
Central Cherry Orchard LP                  
CQuest LP                  
Eastern Orchards LP                  
GCF Investments                  
Gold Income LP                  
Gold Income LP - Maraenui                  
Gold Income LP - Rangitaiki                  
Heretaunga Orchards LP                  
HLP Investments LP                  
Karaka Orchard Class B Units Partly Paid                  
Karaka Orchards LP 270,600.00 NZD 11,068.00 NZD 12,177.00 NZD -1,109.00 NZD 12,251.00 NZD 9,986,046.83 NZD 4,981,444.00 98.00% 0.22%
Kintyre Vineyard LP                  
Kintyre Vineyard LP - Arck Extension                  
KLP Investments LP                  
Korokipo Apple LP                  
LLP Investments LP                  
MyFarm Application Test                  
Otamarakau Kiwifruit LP                  
PRD Investments                  
Quarry Kiwifruit LP                  
Quarry Kiwifruit LP - Ohaeawai Extension                  
Riverview Kiwifruit LP                  
Rākete Capital Raise Crown 26 Nov 2020                  
Rākete Orchards Bonus Units 29 Oct 2020                  
Rākete Orchards LP                  
Tapawera Hop Garden LP                  
Te Arai Gold LP                  
Te Arai Orchard LP                  
TPLP Investments Limited                  
Waikerikeri Irrigation LP (Withdrawn)                  
Waimarie Manuka LP                  
Wairua Hop Garden LP                  
Willowbank Apples LP                  
Ᾱporo Iti Orchard LP                  
 
Issue Production Revenue Farm Working Expenses EBITDA Interest Enterprise Value
Wairau Valley Vineyards LP            
Aupōuri Avocados LP            
Awakeri Orchard LP            
Awatere Valley LP            
Bay Kiwifruit Orchards LP 1.49 NZD 4.73 NZD 2.51 NZD 2.22 NZD 0.01 NZD 51.51
Birch Hill Capital Raise March 2022            
Birch Hill LP            
Central Cherry Orchard LP            
CQuest LP            
Eastern Orchards LP            
GCF Investments            
Gold Income LP            
Gold Income LP - Maraenui            
Gold Income LP - Rangitaiki            
Heretaunga Orchards LP            
HLP Investments LP            
Karaka Orchard Class B Units Partly Paid            
Karaka Orchards LP 11,000.00 NZD 449.92 NZD 495.00 NZD -45.08 NZD 498.01 NZD 405,936.86
Kintyre Vineyard LP            
Kintyre Vineyard LP - Arck Extension            
KLP Investments LP            
Korokipo Apple LP            
LLP Investments LP            
MyFarm Application Test            
Otamarakau Kiwifruit LP            
PRD Investments            
Quarry Kiwifruit LP            
Quarry Kiwifruit LP - Ohaeawai Extension            
Riverview Kiwifruit LP            
Rākete Capital Raise Crown 26 Nov 2020            
Rākete Orchards Bonus Units 29 Oct 2020            
Rākete Orchards LP            
Tapawera Hop Garden LP            
Te Arai Gold LP            
Te Arai Orchard LP            
TPLP Investments Limited            
Waikerikeri Irrigation LP (Withdrawn)            
Waimarie Manuka LP            
Wairua Hop Garden LP            
Willowbank Apples LP            
Ᾱporo Iti Orchard LP            
 
Issue Revenue Farm Working Expenses EBITDA Interest Enterprise Value
Wairau Valley Vineyards LP          
Aupōuri Avocados LP          
Awakeri Orchard LP          
Awatere Valley LP          
Bay Kiwifruit Orchards LP NZD 3.18 NZD 1.69 NZD 1.49 NZD 0.00 NZD 34.64
Birch Hill Capital Raise March 2022          
Birch Hill LP          
Central Cherry Orchard LP          
CQuest LP          
Eastern Orchards LP          
GCF Investments          
Gold Income LP          
Gold Income LP - Maraenui          
Gold Income LP - Rangitaiki          
Heretaunga Orchards LP          
HLP Investments LP          
Karaka Orchard Class B Units Partly Paid          
Karaka Orchards LP NZD 0.04 NZD 0.05 NZD 0.00 NZD 0.05 NZD 36.90
Kintyre Vineyard LP          
Kintyre Vineyard LP - Arck Extension          
KLP Investments LP          
Korokipo Apple LP          
LLP Investments LP          
MyFarm Application Test          
Otamarakau Kiwifruit LP          
PRD Investments          
Quarry Kiwifruit LP          
Quarry Kiwifruit LP - Ohaeawai Extension          
Riverview Kiwifruit LP          
Rākete Capital Raise Crown 26 Nov 2020          
Rākete Orchards Bonus Units 29 Oct 2020          
Rākete Orchards LP          
Tapawera Hop Garden LP          
Te Arai Gold LP          
Te Arai Orchard LP          
TPLP Investments Limited          
Waikerikeri Irrigation LP (Withdrawn)          
Waimarie Manuka LP          
Wairua Hop Garden LP          
Willowbank Apples LP          
Ᾱporo Iti Orchard LP          

No trade history available for this issue.

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