The first of 7500 cherry trees are planted at Hortinvest's Lindis River project. The project is one of three major cherry developments led by Hortinvest in Central Otago. Photo / Supplied
The first 12ha in Hortinvest's $15.5 million Lindis River cherry project have been planted after four cornerstone investors committed to underwrite stage 1 planting.
A total of 7500 trees had been planted and a further 23,000 trees would be planted next winter in stage 2, a statement from the New
Zealand horticultural investment company said.
The project - on Lindis Peaks Station - spans 80ha and the first fruit is expected to be harvested in the summer of 2021-22.
Hortinvest marketing and sales manager Sharon Kirk said the Lindis River project was 40 per cent subscribed as negotiations continued with several large corporate investors from New Zealand and overseas.
She said the company was pleased investors had started the project while continuing to finalise other applications, as winter planting was critical for optimal cherry production outcomes.
