Bill Foley


PHOTO: DEREK FLYNN/STUFF US millionaire Bill Foley offers a toast to shareholders and invited guests at Grove Mill Winery in 2013.

Foley Wines says it is fulfilling promises it made to the Overseas Investment Office when seeking approval to buy Mt Difficulty Wines in Central Otago for $52 million.

It took nearly a year to obtain the approvals, partly because of a new ministerial directive under the Labour-led coalition Government that came into effect in December 2017, raising the bar for the purchase of rural land by overseas investors.

Jobs would be created building and operating a new restaurant and cellar door at Mt Difficulty near Cromwell, a restaurant and a barrel facility at Te Kairanga Vineyard in Martinborough, and upgrading Grove Mill Winery in Marlborough to increase production.