Colliers Marlborough Viticulture Values Report | 2018

Together, the two main wine regions in New Zealand, Marlborough and Hawke’s Bay, make up 80% of the total of New Zealand producing vineyard area (ha), up from 73% share in 2009.

Over the past 10 years, the total vineyard area in New Zealand has grown from 31,964ha to 37,967ha or 18.8% increase.

Recent surveys by the Ministry of Primary Industries show a potential 20% or approximately 5,000 ha increase in Marlborough’s vineyard area in the next 5 years, increasing production levels beyond 2020 when these areas will mature and drive further export growth.

We have seen strong growth in the wine industry over the last five – six years on the back of increased processing capacity within wineries, stronger demand from export markets and a lift in the contract grape price paid to growers.

This has resulted in strong increases in vineyard values, which have now plateaued somewhat in the past six months. Annual wine export revenue now exceeds $1.6 billion and grape plantings predicted in coming years reflect ongoing industry confidence.

Figures from New Zealand Winegrowers show 419,000 tonnes of grapes were harvested nationally during vintage 2018. This is 6% up on 2017 and near the record 436,000 tonne harvested in 2016.

Annual wine export revenue now exceeds $1.6 billion and grape plantings predicted in coming years reflect ongoing industry confidence


Colliers Marlborough Viticulture Values Report | 2018

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Tim Gifford

Director | Rural Valuation

Blenheim

Tim has 13 years property valuation experience and is based in our Blenheim office. Prior to joining CAPI in 2006 he worked as a valuer for Quotable Value based in Christchurch..

Since 2006, Tim’s client work has included viticulture, high country tenure review and rental valuations, pastoral valuations, lifestyle, specialised asset valuations and compensation for various infrastructure projects nationwide.

Tim’s viticulture experience includes the valuation of vineyards for financing, sale & purchase and rent setting purposes for a number of clients including Pernod Ricard, Indevin, Wither Hills, Cloudy Bay, Allan Scott Wines, Treasury Wine Estates, plus a number of others. Tim is also frequently engaged to provide valuation advice to most of the major banks. Having grown up and lived most of his life in Marlborough, Tim has in depth local knowledge of the region.

Tim has extensive experience in valuing large pastoral and high country properties throughout the South Island, either on behalf of Linz for tenure review or rent review purposes or for corporate and private landowners. Properties valued include Muller Station, Mt White, Mt Albert, Mt Creighton, Godley Peaks, Hossack, Glen Wye, Glenhope, Forest Range plus many more. Tim is designated as an assessor under Section 23P Crown Pastoral Land Act 1998 to provide rental assessments on Crown Pastoral Lease properties.

Compensation is another key area of expertise and Tim has provided property advice on a number of projects nationwide including Transpowers 400kV transmission line build through the Waikato, Central Plains irrigation scheme through Canterbury, land acquisitions for roading on behalf of the New Zealand Transport Agency as well as new transmission line easement assessments for various network operators throughout New Zealand.

Tim offers our clients excellent technical skills and market knowledge, together with a sound appreciation of both private and public sector imperatives. He plays a key role in our viticulture, pastoral and compensation valuation teams.

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