About Good Returns  |  Advertise  |  Contact Us  |  Terms & Conditions  |  RSS Feeds Other Sites:   tmmonline.nz  |   landlords.co.nz
Last Article Uploaded: Friday, March 22nd, 10:27PM
rss
Latest Headlines

Booster adds to wine portfolio

Booster has snapped up the former Mahana Estates winery site, and announced the formation of the Booster Wine Group.

Friday, February 1st 2019, 6:00AM 1 Comment

Allan Yeo

The high-profile Nelson winery went into receivership as its owner became embroiled in a bitter legal fight with a Las Vegas businessman.

KiwiSaver provider Booster spotted the opportunity to add the site to its other wine investments: Awatere River, Waimea Estates, Bannock Brae and Sileni Estates.

The fund manager said the purchase, and formation of Booster Wine Group, would create a new investment opportunity for members.

“Most New Zealand wineries, as small independent businesses, have always been challenged by scale.  The Booster Wine Group allows our wineries to focus on what they do best – produce world-class wine, while still remaining Kiwi owned and operated,” said managing director Allan Yeo.

“The wine industry is one of New Zealand’s most successful exports.  We’re pleased to be keeping a piece of it in local ownership and giving everyday Kiwi investors the chance to share in its success.”

He said only a fraction of KiwiSaver money was being invested in New Zealand businesses at present.

Booster has several other investments in its pipeline which are expected to be finalised and announced this year.

“Booster Tahi helps invest Kiwi savings back into successful New Zealand businesses to help fulfil their growth potential and to keep them Kiwi owned.  While our initial focus has been on horticulture investments in wine, kiwifruit and avocados, we see exciting opportunities in other areas as Tahi grows,” Yeo said.

Tags: Booster

« Govt moves to allow early KiwiSaver withdrawalHas the corporate bond market partied too hard? »

Special Offers

Comments from our readers

On 1 February 2019 at 10:11 am mike6156@gmail.com said:
Booster Kiwisavers ought to know is, what out performance will Booster Wine Group add to their Balanced Growth Fund? The fund is currently returning 8.34% with universe average returning 10.14%.

Sign In to add your comment

 

print

Printable version  

print

Email to a friend
News Bites
Latest Comments
  • [The Wrap] Soothing words from the minister
    “Apposite commentary from commentary in ifa Bulletin Risk by Adrian Flores - March 22, 2019 Life commissions ‘good...”
    13 hours ago by Murray Weatherston
  • Partners pulls ads after mosque tragedy
    “Brilliant adds hopefully they return very soon.To be fair there wouldnt be an add shown that someone couldnt take offence...”
    14 hours ago by Brian W Brown
  • Mint axes performance fees
    “Have to laugh and wonder why this wasn't an issue during 5 years as a FMA Board member. Mint appear to have had a reasonable...”
    19 hours ago by MPT Heretic
  • Mint axes performance fees
    “Congratulations, Rebecca Thomas and Mint: on the face of it a positive move. Time for FMA to come to the party; and for...”
    21 hours ago by Simon H
  • [The Wrap] Soothing words from the minister
    “Completely agree Murray. The insurers have taken the opportunity to kill off the trips, they're costly and a hassle to plan,...”
    22 hours ago by JPHale
Subscribe Now

News and information about KiwiSaver

Previous News

MORE NEWS»

Most Commented On
Mortgage Rates Table

Full Rates Table | Compare Rates

Lender Flt 1yr 2yr 3yr
ANZ 5.79 4.55 4.79 4.99
ANZ Special - 4.05 4.29 4.49
ASB Bank 5.80 4.45 ▼4.49 4.89
ASB Bank Special - 4.05 ▼3.99 4.49
BNZ - Mortgage One 6.50 - - -
BNZ - Rapid Repay 5.95 - - -
BNZ - Special - 4.05 4.29 4.49
BNZ - Std, FlyBuys 5.90 4.69 4.79 4.99
BNZ - TotalMoney 5.90 - - -
Credit Union Auckland 6.70 - - -
Credit Union Baywide 6.15 5.20 5.25 -
Lender Flt 1yr 2yr 3yr
Credit Union North 6.45 - - -
Credit Union South 6.45 - - -
Finance Direct - - - -
First Credit Union 5.85 - - -
Heartland 6.70 7.00 7.25 7.85
Heartland Bank - Online - - - -
Heretaunga Building Society 5.75 4.70 4.85 -
Housing NZ Corp 5.80 4.69 4.79 4.79
HSBC Premier 5.89 3.99 3.99 4.39
HSBC Premier LVR > 80% - - - -
HSBC Special - 3.69 3.95 3.95
Lender Flt 1yr 2yr 3yr
ICBC 5.80 4.59 4.69 5.09
Kiwibank 5.80 4.80 4.94 5.24
Kiwibank - Capped - - - -
Kiwibank - Offset 5.80 - - -
Kiwibank Special - 4.05 ▼3.99 4.49
Liberty 5.69 - - -
Napier Building Society - - - -
Nelson Building Society 6.10 5.10 5.45 -
Resimac 5.30 4.86 4.94 5.30
RESIMAC Special - - - -
SBS Bank 5.89 4.85 5.05 5.49
Lender Flt 1yr 2yr 3yr
SBS Bank Special - 4.05 4.29 4.49
Sovereign 5.90 4.45 ▼4.49 4.89
Sovereign Special - 4.05 ▼3.99 4.49
The Co-operative Bank - Owner Occ 5.75 4.10 4.29 4.49
The Co-operative Bank - Standard 5.75 4.00 4.79 4.99
TSB Bank 5.80 4.55 4.69 4.99
TSB Special - 4.05 4.19 4.49
Wairarapa Building Society 5.70 4.85 4.99 -
Westpac 5.95 4.69 4.79 5.19
Westpac - Offset 5.95 - - -
Westpac Special - 4.05 ▼3.99 4.59
Median 5.89 4.50 4.69 4.84

Last updated: 22 March 2019 10:22am

News Quiz

The maximum remuneration model for Australian life insurance advisers is to be set at what?

Upfront 40% + trail 20%

Upfront 50% + trail 10%

Upfront 50% + trail 20%

Upfront 60% + trail 10%

Upfront 60% + trail 20%

MORE QUIZZES »

About Us  |  Advertise  |  Contact Us  |  Terms & Conditions  |  Privacy Policy  |  RSS Feeds  |  Letters  |  Archive  |  Toolbox
 
Site by Web Developer and eyelovedesign.com