Delegat group buys Hawke’s Bay farm for $29m

Winemaker, Delegat Group has bought an 838 hectare farm in Hawke’s Bay’s Crownthorpe region from Hopkins Farming Group for $29.3 million. The purchase will support the group’s long term growth strategy, Delegat said. The agreement will settle in May 2016 and be funded within the group’s long term bank facilities. Managing director of Delegat Group Graeme Lord said the Crownthorpe region offered prime wine grape growing conditions.