At the time of the liquidation announcement, Nacey said the liquidators were looking to dispose of about 20,000 cases of wine and 400,000 litres of bulk wine owned by the four entities within the group.
Nacey, now senior managing director at Teneo, said this week there were some fixed assets that liquidators still needed to realise.
They would also carry out an investigation into the affairs of the company prior to liquidation.
He said the majority of the companies’ wine stock had been sold off, but there was still some bulk wine which liquidators were still working to realise.
More information would be provided in the next liquidators’ report, expected to be filed in mid-August, he said.
Te Awanga Estate cellar door and vineyard has been sold after over two years on the market. Photo / Jack Riddell
He said liquidators worked with the real estate agent to market the property and agree a sale of the vineyard, with the sale currently unconditional.
“The property has a mortgage, and there remains a shortfall to the secured lender once the proceeds from the sale are taken into account,” Nacey said.
The new owners, who were described as Kiwis by real estate agent Tim Wynne-Lewis, said they wanted to keep out of the limelight – for now.
“We still have a lot of items to finalise on the operations front,” the new owners said in a statement.
Jack Riddell is a multimedia journalist with Hawke’s Bay Today and has worked in radio and media in the UK, Germany, and New Zealand.