Wine in the World
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Wine in the World
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Chinese buys first Bordeaux classed growth

Chinese buys first Bordeaux classed growth | Wine in the World | Scoop.it

The long march to acquire not only wine assets, but good ones, continues from China.

 

A 13-hectare St-Emilion grand cru estate in St Laurent-des-Combes is understood to have been bought by a Chinese industrialist

 

Although the details of the deal have not been disclosed, a classified estate in the St-Emilion appellation would expect to sell for between €1 million and €2m per hectare. That's a lot of cash for those vines!

 

Bellefont-Belcier is the first classed growth Bordeaux property to pass into Chinese hands and joins approximately 40 other Bordeaux estates with Chinese owners. Many of them seem to be improving with a bit of new investment.

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Chinese buying in Côtes du Rhône

Chinese buying in Côtes du Rhône | Wine in the World | Scoop.it

Amid the unease that recently came with a Chinese purchase of Château de Gevrey-Chambertin in Burgundy, it appears that the Chinese are buying in the Côtes du Rhône too.

 

French-Chinese trader Champ Dong Créations Industries is reported to have purchased the Domaine Bouche estate for a rumoured €2m.


Located in the Vaucluse département, the estate has an annual output of up to 150,000 bottles of mid-range red and rosé wines. That's big, but not massive, but it's bound to raised a Gallic eyebrow or two.

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