Rockit is the world’s first miniature apple. Developed in New Zealand and launched in 2010, it has become a runaway export success story, marketed globally as a snack apple and now sold in 29 countries.
Rākete Orchards Limited Partnership will lease and fund the planting of 55 hectares across four orchard blocks in the Heretaunga Plains of Hawkes Bay. The orchards will be planted exclusively in the PremA96 or RockitTM apple variety. This will be the only new planting of new orchards with RockitTM apple trees in New Zealand in 2018.
Size: Lease and development of four orchards (55 planted ha total)
Location: Hawke’s Bay
Returns: Projected IRR 25% p.a. Forecast payback of original investment in year 7
Lease: 18-year (plus two five year renewals) lease
Minimum Investment: $100,000, called over 16 months
Status: Now fully subscribed