Villa Maria Estate is selling 31 hectares of surplus land surrounding its Mangere, Auckland headquarters. Photo / ColliersVilla Maria, one of New Zealand's largest privately owned wineries, is selling 31ha of land surrounding its South Auckland headquarters and is exploring raising capital from investors to support its future plans. The land up for sale includes vineyards and bare land surrounding Villa Maria's headquarters and core business activities. He said the Villa Maria site in Mangere has a special place in the history of the company since founder Sir George purchased the land in 2000. Since then the land value has increased to a point where it's not possible to generate a reasonable return on vineyards.

Source: New Zealand Herald November 05, 2020 04:28 UTC