Wholesale
MyFarm Limited

Wairua Hop Garden LP

Horticulture

Bid

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.

Total Share/Units
2,240 Units
Min Investment
10 Units
Min Investment Value
NZD 100,000.00
Par Value
NZD 10,000.00
Quantity on Offer
10 Units
Offer Price
NZD 100,000.00
Highest Bid
Active Bidders
Last Traded Price
$100,000.00
Last Traded Quantity
10 Units
Last Traded Date
September 1, 2022

Wairua Hop Garden Limited Partnership was formed to acquire and develop a 115 cha Hop Garden at Tapawera. Wairua Hop Garden, established on a 175 ha dairy farm was purchased and settled in two stages. Settlement of the 27.4 ha on the eastern side of the Motueka river took place on 14 November 2019, and settlement of the remaining 148 ha occurred on 13th January, 2020.

The Scheme is managed by divisions of AGInvest Trading Limited or a subsidiary. The MyFarm Investments division is the Offeror and the MyFarm Business division is the manager (Manager) of the Partnership. Governance is provided by Wairua Hop Garden GP Limited, the Partnership general partner.

The Manager administers the Partnership and provides the business with governance support, financial control and administration services under contract. Notably, the Manager oversees the development of the Garden by Hop Revolution. Hop Revolution is contracted to supply garden development and management services to Wairua Hop Garden LP, as well as post harvest, plant breeding, and marketing services.

The Partnership has invested in the acquisition and development of Wairua Hop Garden.

The investment was funded using $22.4 million of contributed capital (71%) and $9.14 million of bank debt (29%). Banks exclude establishment costs when calculating the loan to value ratio (LVR) they use for lending purposes. On this basis Wairua Hop Garden LP was established with a 30% LVR.

The development nature of Wairua Hop Gardens means that there is expected to be no distributions until FY23. Thereafter, the Partnership is forecast to provide limited partners with increasing cash distributions until FY26 when budgeted distributions reach 14% p.a.

The Offer was for 2,240 Units in Wairua Hop Garden LP at an issue price of $10,000/Unit. The minimum investment is 10 Units ($100,000) and thereafter the size of an investment can be increased in multiples of one Unit.

Property Name Location Address
Kohatu Kohatu 66 Kohatu-Kawatiri Highway, Kohatu, 7072

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Wairua - Quarterly Report - June 22
Wairua - Quarterly Report - June 22
16/9/2022
Wairua - Quarterly Report - March 2022
Wairua - Quarterly Report - March 2022
25/7/2022
WAIRUA - Quarterly Report - 31 December 2021
WAIRUA - Quarterly Report - 31 December 2021
30/8/2022
WAIRUA - Quarterly Report - Q1 - 30 Sep 2021
WAIRUA - Quarterly Report - Q1 - 30 Sep 2021
30/8/2022
WAIRUA - Quarterly Report - Q4 - 30 Jun 2021
WAIRUA - Quarterly Report - Q4 - 30 Jun 2021
30/8/2022
WAIRUA - Quarterly Report - Q3 - 31 Mar 2021
WAIRUA - Quarterly Report - Q3 - 31 Mar 2021
30/8/2022
WAIRUA - Quarterly Report - Q2 - 31 Dec 2020
WAIRUA - Quarterly Report - Q2 - 31 Dec 2020
30/8/2022
WAIRUA - Quarterly Report - Q1 - 30 Sep 2020
WAIRUA - Quarterly Report - Q1 - 30 Sep 2020
30/8/2022
Wairua Hop Garden LP - Supplementary Information Memorandum Aug 2020
Wairua Hop Garden LP - Supplementary Information Memorandum Aug 2020
30/8/2022
WAIRUA - Relaunch and Supplementary IM - 24 Aug 2020
WAIRUA - Relaunch and Supplementary IM - 24 Aug 2020
30/8/2022
WAIRUA - Quarterly Report - Q4 - June 2020
WAIRUA - Quarterly Report - Q4 - June 2020
30/8/2022
WAIRUA - Quarterly Report - Q3 - 31 Mar 2020
WAIRUA - Quarterly Report - Q3 - 31 Mar 2020
30/8/2022
WAIRUA - Limited Partnership Agreement Dated 14 Nov 2019
WAIRUA - Limited Partnership Agreement Dated 14 Nov 2019
8/6/2020
FINAL - WAIRUA - Constitution 8.8.2019
FINAL - WAIRUA - Constitution 8.8.2019
30/8/2022
SIGNED - WAIRUA - Deed relating to Performance Fee 30.03.2020
SIGNED - WAIRUA - Deed relating to Performance Fee 30.03.2020
30/8/2022
Wairua Hop Garden - Information Memorandum 9 Aug 2019
Wairua Hop Garden - Information Memorandum 9 Aug 2019
30/8/2022