As a silent partner, Takutai participated in a restructure of capital requirements at a Waiheke vineyard, Passage Rock. The relationship between Takutai and the winery happened after the purchase of our Korora Road property. A small block of Pinot Gris grapes is planted there and Passage Rock historically manage these on a “hands free” basis.
Our motivation was inspired by a desire to invest on the island – he hiahia ki te haumi i roto i te taiao ā-rohe.
Wine is a difficult commercial proposition for Waiheke Island. The last 10-20 years have seen the island move from a relaxed “hippie retreat” to a must visit tourist spot – putting considerable pressure on infra structure and moving property prices in a steep incline.
The microcosm which now exists is unique and will need careful planning in the future – if all parties are going to be satisfied.
Notwithstanding, there are 20+ wineries on Waiheke and they contribute a key part of the tourist attraction. Going forward each, in their own way, must find a point of difference to remain relevant. This is a more difficult proposition than normal circumstances, due to the unique commercial environment.
