British banking boss Sir Keith Whitson and his wife Lady Sabine Whitson have sold their Motueka luxury lodge and farm to the head of a French Polynesian beer and soft drinks business.

The asking price two years ago for Paratiho Estate had been $20 million, but the lawyer acting on behalf of the new owner Jean-Pierre Fourcade said he paid less than that.

The lodge on the property, built about 18 years ago, was originally a luxury hotel but has been used by the couple as a private residence. It includes four lakes, a croquet lawn, a heli-pad, a professional standard putting green, a swimming pool, tennis court and an area of mature native bush.

Sir Keith Whitson and Lady Sabine Whitson at their former home Paratiho Lodge.

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