Harbour Edge Avocados Ltd aims to establish the largest avocado orchard in New Zealand on a 405ha dairy farm it has acquired on the Okahukura Peninsula at Tapora on the Kaipara Harbour west of Wellsford.
Two other major avocado growing enterprises also recently set up at Tapora.
Businessman and mandarin grower Tony Gibbs is expected to have 24,000 avocado trees planted on 60ha by next spring and former Fresh Food Exports owner John Greensmith is planting a 50ha orchard.
Harbour Edge's $8 million purchase of the dairy farm required Overseas Investment Office (OIO) approval as the firm is Warkworth-based capsicum grower Southern Paprika Ltd, owned 50:50 by Alexander Cropping Ltd and the Dutch firm Beheermaatschappu Legmeerpolder BV.
The OIO gave the green light in December and Companies Office records show that in February Alexander Cropping's 1,004,000 shares and Beheermaatschappu Legmeerpolder's 996,000 shares in Harbour Edge were removed, with Southern Paprika becoming a 50 per cent shareholder in the new venture with the farm vendors - Peter Glen Inger and Joanne Inger, of Takapuna, and Maurice Carey, of Epsom - retaining the other 50 per cent.