Husband and wife Marquis and Dianne Sauvage, of the United States, own Burn Cottage Vineyard, in Burn Cottage Rd between Cromwell and Luggate.
Lawyer Elliot Goldman, of Goldman Legal in Queenstown, said the couple wanted to buy a new site in Felton Rd to extend Burn Cottage.
He said the new site used to be called The Sluicings vineyard.
The OIO report said the Sauvages had a premium wine-making and exporting business and wished to buy the land to ensure they would have an ongoing grape supply and to meet self-sufficiency targets.
The vendor was Vintner Holdings Bannockburn Ltd, run by Queenstown residents Yvon Emile and Marianne Aline Montagnat.
The report said the investment was likely to benefit New Zealand, as the land would be converted to an organic and biodynamic vineyard, generating export receipts and employment and making other investments viable, giving the applicant a secure supply of grapes.
The decision was made on December 14 last year but the information did not become public until the end of January.
