The Italian wine company Campo Di Sasso Ltd, has acquired a vineyard in the Marlborough region of New Zealand, the country's Overseas Investment Commission has said.

The purchase is for 12.7 hectares, with 10.8ha in Sauvignon Blanc.

The Antinori family, which controls Campo Di Sasso paid NZ$2.5m, or around NZ$196,500 per hectare.

The seller, William Grigg, said although the area was in relatively new wine-making territory, the fact the block was adjacent to the established Wither Hills' vineyards helped its value.