Hortinvest to manage major NZ cherry venture

Seasoned horticulturalists Ross and Sharon Kirk have established a new entity, Deep Creek Fruits NZ LP, to consolidate two cherry developments underway in Central Otago which are to be managed by leading New Zealand horticultural consultant Hortinvest.

Deep Creek Fruits director (and marketing and sales manager for Hortinvest), Sharon Kirk said wholesale investors had until July 16 to purchase partnership interest shares in Deep Creek Fruits NZ LP and take advantage of the highly profitable global export market.

"Summerfruit NZ predicts a 40 per cent dollar value growth in New Zealand cherry exports over the next 20 years. New Zealand's cherry industry has demonstrated strong long-term growth, driven by our key competitive advantages such as the ideal climate and conditions, proximity to, and free trade agreements with markets in Asia. New Zealand's reputation for producing premium quality cherries, perceived globally as a luxury product, enables it to receive the highest price per tonne in global markets," Mrs Kirk said.

Mrs Kirk said Deep Creek Fruits would use the capital raised to purchase up to 164 hectares of land at Mt Pisa Road and Lindis Peaks Station on Deep Creek Road to develop into cherry orchards.

For further information investors should refer to the Information Memorandum which is now available on request. The offer is restricted to wholesale investors under clause 3 of schedule 1 to the Financial Markets Conduct Act, 2013.

For the full press release, please click here.

For more information:
Ross Kirk
Hortinvest Limited
Tel: +64 (02) 7484 5099

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