Booster steers new course for KiwiSaver with Mahana Estates

31 January 2019

Booster has announced its purchase of the former Mahana Estates Winery site and the formation of the Booster Wine Group.

Booster's specialist investment arm, Tahi, secured the Nelson-based site, adding to our other investments in the wine industry; Awatere River, Waimea Estates, Bannock Brae and Sileni Estates.

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In addition to the synergies we can achieve with our other wine investments, we are pleased to have brought a beautiful piece of land and a state-of-the-art wine making facility back into Kiwi ownership. New Zealanders collectively had more than $50b in their KiwiSaver accounts last year - however, only a fraction of this is being invested back into New Zealand businesses - says Allan Yeo, Managing Director of Booster.

Assets V10 Quote Marks

Booster's approach is unique. Over the last 18 months, Booster's strategy of supplementing listed shares with direct investment in local companies has changed the landscape for Kiwi investors. 

Through the purchase of the Mahana site and the formation of the Booster Wine Group, Booster has created a new investment opportunity for the benefit of our KiwiSaver members. 

Booster's move now marks another milestone in the KiwiSaver industry.

Read the full press release here.