The new fund aimed to capitalise on a sector that had seen \u201cenormous growth\u201d and continued to outperform other agricultural sectors over recent years, he said.<\/p>\n
\u201cIn simple terms, if [clients] invest $5m into our funds, it\u2019s a pathway for them to securing residency.<\/p>\n
\u201cIt gives our clients the ability to meet the investment requirements of the Active Investor Plus visa through investing in one of New Zealand\u2019s most successful industries.\u201d<\/p>\n
Funds raised by investors, who must be of good health and character, could contribute to ownership of new or existing orchards or shares in marketer Zespri.<\/p>\n
Jones said New Zealand had the advantages of good kiwifruit-growing conditions, counter-seasonal supply for the Northern Hemisphere and the single-desk Zespri model.<\/p>\n
\u201cNew Zealand is quite easily the best place in the world to grow kiwifruit, so we can produce a lot more per hectare than other countries around the world.<\/p>\n
\u201cAnd the big advantage for New Zealand kiwifruit is we are supplying those markets when they can\u2019t supply themselves.\u201d<\/p>\n
The fund manager considered other lucrative sectors, such as m\u0101nuka honey or Rockit apples, but Jones said market structures or policy settings posed risks compared to kiwifruit.<\/p>\n
\u201cWe keep coming back to kiwifruit because it\u2019s consistently outperforming a lot of sectors, really.\u201d<\/p>\n
The growth category would require an investment of at least $4.8m and three weeks spent in New Zealand over three years by applicants.<\/p>\n
A minimum of $9.7m (US$5.8m) investment would be required for the balanced category, and at least 105 days spent in New Zealand over five years.<\/p>\n
Greener Pastures will have new SunGold orchards coming on stream soon in the Bay of Plenty.<\/p>\n
Within the next year, the firm expected to have five domestic and international funds in operation, four of which were solely in kiwifruit.<\/p>\n
It comes as another investor, MyFarm, is raising $35m to add to its $200m KiwiFruit Fund.<\/p>\n
The offer is to pay for expanding its portfolio of kiwifruit orchards in Northland and Bay of Plenty, and to buy more shares in Zespri.<\/p>\n
Chief executive Andrew Watters said kiwifruit was now the fourth-largest primary sector export after dairy, meat and forestry.<\/p>\n
– RNZ<\/p>\n","protected":false},"excerpt":{"rendered":"The new fund aimed to capitalise on a sector that had seen \u201cenormous growth\u201d and continued to outperform…\n","protected":false},"author":2,"featured_media":30751,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[138,18934,295,1426,23553,28205,117,111,139,69,29592,28206,8220,29591,2940],"class_list":["post-30750","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-business","tag-foreigners","tag-fund","tag-investment","tag-kiwifruit","tag-monique","tag-new","tag-new-zealand","tag-newzealand","tag-nz","tag-residency","tag-steele","tag-targets","tag-wanting","tag-wealthy"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/30750","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=30750"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/30750\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/30751"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=30750"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=30750"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=30750"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}