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Duncannon Horticulture LP

Hort

Bid

WARNING: The law normally requires people who offer financial products to give information to investors before they invest. This requires those offering financial products to have disclosed information that is important for investors to make an informed decision. The usual rules do not apply to this offer if you are a person who comes within Schedule 1, clause 3(2)(a)-(c) or 3(3)(a)-(b)(ii) (inclusive) of the Financial Markets Conduct Act 2013. This includes where the amount invested upfront by the investor (plus any other investments the Investor has already made in the financial products) is $750,000 or more.

 

If you fall within Schedule 1, Clause 3 of the FMCA, as a result of this exclusion, you may not receive a complete and balanced set of information. You will also have fewer other legal protections for this investment. Investments of this kind are not suitable for retail investors. Ask questions, read all documents carefully, and seek independent financial advice before committing yourself.


Note: We urge you to carefully review the information Memorandum and additional attachments (if applicable) before lodging an application. In the event that there are any material changes to the Information Memorandum communications will be added to the attachments for review.

Total Share/Units
14,310,000 Units
Min Investment
50,000 Units
Min Investment Value
NZD $50,000.00
Par Value
NZD $1.00
Quantity on Offer
130,000 Units
Offer Price
NZD $149,500.00
Highest Bid
Active Bidders
Last Traded Price
Last Traded Quantity
Last Traded Date

Take a drive through our horticultural heartland and chances are you’ll come across crews of overseas workers employed under the Recognised Seasonal Employer (RSE) programme.

Duncannon is a Blenheim based commercial property, purpose-built as accommodation for seasonal vineyard workers and consented for temporary backpacker accommodation. It is also the headquarters of the current owner and developer of the property – Hortus Limited.


These hard-working men and women from around the Pacific have become a vital part of New Zealand’s horticultural economy as a result of export growth and a shortage of local labour. Strong growth in the Marlborough wine sector is bolstering long-term demand for seasonal labour and accommodation. Despite COVID-19 travel restrictions, there are still 8000 RSE workers and 20,000 backpackers in New Zealand looking for work.


Hortus is a vineyard management company and one of the leading providers of contract labour in Marlborough. Its reputation for looking after the pastoral needs of workers means the company consistently attracts the cream of the RSE labour crop.


Hortus lease back the property for an initial term of 15 years.


Duncannon Horticulture LP has completed a second capital raise with current unit holders to maximise the Duncannon site through the addition of 100 extra beds and provide Hortus the opportunity to expand its operations.

Duncannon

3043 State Highway, St Andrews, Blenheim,7274

Duncannon - Quarterly Report - Jun 2022
Duncannon - Quarterly Report - Jun 2022
11/8/2022
Duncannon - Quarterly Report - March 2022
Duncannon - Quarterly Report - March 2022
10/5/2022
DUNCANNON - Quarterly Report - Q1 - 30 Jun 2021
DUNCANNON - Quarterly Report - Q1 - 30 Jun 2021
3/8/2021
DUNCANNON - Quarterly Report - Q1 - 30 Sep 2021
DUNCANNON - Quarterly Report - Q1 - 30 Sep 2021
7/12/2021
DUNCANNON - Quarterly Report - Q3 - Dec 2020
DUNCANNON - Quarterly Report - Q3 - Dec 2020
28/2/2021
DUNCANNON - Quarterly Report - Q4 - 31 Mar 2021
DUNCANNON - Quarterly Report - Q4 - 31 Mar 2021
13/5/2021
Duncannon - Quarterly Report - Sep 2022
Duncannon - Quarterly Report - Sep 2022
9/11/2022
DUNCANNON - Quarterly Reports 31 December 2021
DUNCANNON - Quarterly Reports 31 December 2021
9/3/2022
Duncannon Horticulture- Limited Partnership Agreement - 27 Nov 2020
Duncannon Horticulture- Limited Partnership Agreement - 27 Nov 2020
3/12/2020
Duncannon Limited Partnership Information Memorandum - 2 Sept 2020
Duncannon Limited Partnership Information Memorandum - 2 Sept 2020
3/9/2020