Interest in pinot noir winery

Central Otago Vintners winery, which is in receivership. Photo by Rosie Manins.
Central Otago Vintners winery, which is in receivership. Photo by Rosie Manins.
Several tenders have been received for a $10 million pinot noir winery in Cromwell, which was placed into receivership last year.

Central Otago Vintners Winery, on Ripponvale Rd, owes about $8 million to creditors after difficulties in financing the picking and processing of its 2007 grape crop caused its collapse.

Funding climates and the failure of an overseas investor to complete the settlement of a major development stage compounded the winery's problems, director and sole shareholder Robin Schulz said last year.

Receivers Duncan Fea and Alistair King, of WHK Cook Adam Ward Wilson, were appointed in October.

When contacted by the Otago Daily Times this week, Mr King said he could not disclose how many tenders had been received. The majority were from within New Zealand.

"We can't give any indication of an outcome at present."

The winery's collapse left about $6 million owed to secured creditors and about $1.2 million to unsecured creditors.

In October last year, Mr Fea said the winery had top-of-the-line equipment, which he hoped could be sold to refund secured lenders.

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