Summerfruit partnership now open to investors

Ardgour Valley Orchards LP, New Zealand's newest summerfruit development which will produce specialty apricots and cherries for export is now seeking investor interest in its Central Otago development.

Ardgour Valley Orchards LP, a partnership between Hortinvest Limited's Ross and Sharon Kirk and Ardgour Station owners Bruce and Linda Jolly, has officially released its Information Memorandum.

The offer invites wholesale investors who fall under the exclusion in clause 3, schedule 1 of the Financial Markets Conduct Act 2013, to purchase partnership interests in the development, which will export premium summerfruit for the first time in 2023.

Horticultural projects attract investors

Hortinvest was expecting strong interest from investors seeking to enter the horticultural space, especially given the products' distinctive attributes, sales and marketing manager, Sharon Kirk said.

"In the past year, we've seen extraordinary interest for our other projects from savvy New Zealand investors keen to be part of the 'brand NZ' export success story and we expect these specialty apricots and cherries to equally excite investors," she said.

Ardgour Valley Orchards spans 38 hectares within Ardgour Station near Tarras, with two thirds of the orchard set aside to produce new apricot varieties for the first time. The rest has been allocated for a mix of red and white-fleshed cherry production.

Three new apricot varieties bred by Plant & Food Research in Central Otago will be commercialised for the first time.

Orchard and project manager Ross Kirk oversaw various planting stages in 2020 and 2021, with the third and final phase scheduled for 2022.

"Ardgour Station is ideal for summerfruit production. The orchard is in a long, fertile valley with optimal growing degree days and great access to water. It's also in the heart of Central Otago's growing region with access to established transport routes," he said.

AVO apricots
Caption: Three new varieties selected for flavour and appearance attributes are being grown at Ardgour Valley Orchards.
Click to download high res image.

Ardgour Station landowner Bruce Jolly commissioned Hortinvest in 2016 to conduct a feasibility study into developing a portion of the station's land into orchards.

He said horticulture was one of the few sectors where the producer could maintain control from orchard to consumer.

"We're confident these new apricot varieties will shake up the industry and appeal to global consumers," he said.

Investors may request an Information Memorandum by emailing Hortinvest.

Email Hortinvest>

Investment offer at a glance:

Partnership interests offered: $4.2 million ($1 per partnership interest)
Minimum investment: $200,000
Ideal investor: At least $500,000
Applications close: October 1,2021
Ardgour Valley Orchards is the latest development undertaken by Hortinvest and the only so far to produce apricots. Its investor-led cherry developments include Tarras Cherry Corp which enters its second harvest this year and Deep Creek Fruits NZ LP which is developing cherry orchards at Lindis Peaks and Mt Pisa and will send a first, small volume of fruit to market this summer.

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(Issued: September 6, 2021)

Issued by Aqua Public Relations on behalf of Ardgour Valley Orchards. For more information, please contact:

Sharon Kirk
Sales and marketing manager
Hortinvest Limited
+64 21 921246

OR
Toni Lucke
Aqua Public Relations
+61 7 3312 2505

Email Toni>