Japanese buy vineyard (NZ)

Overseas interest in Marlborough’s wine industry accounted for four out of five applications to buy land approved by the Overseas Investment Office for the region last year. Japanese company The Folium Vineyard (TFV) was allowed to buy 8.42 hectares in Brancott Rd for $2.24 million in March 2011. The vineyard was formerly owned by Fromm & Partner., reports Marlborough Express.