The Chinese are still buying vineyards in Bordeaux

The Chinese are still buying vineyards in Bordeaux

We are pleased to announce that on Friday 6th April the final signing took place for the sale of Château de Lagorce, AOC Bordeaux located in Targon, including stock.  The buyer is the Chinese wine company and investor, SCEA Degore.  The transaction of the sale of the vineyard was handled by Karin Maxwell, co-founder of Vineyards-Bordeaux (affiliate of Christie’s International Real Estate) along with our China desk, which is run by our very own Li Lijuan.

Chateau de Lagorce sold by Vineyards-Bordeaux, vineyard transaction experts
The winery is in a former church building.

Mr.Benjamin Mazeau, the seller, had inherited the property from his mother in 1985 and with his wife Beatrice have run the estate and restored the property which dates back to Gallo-Roman times. The winery is in a former church building which still has one of the original windows. This property has been in the family since 1928. René Mazeau, an Engineer in Physics and Chemistry devoted his research to increasing the quality of both the wine and the agricultural methods of vineyard culture. He was one of the pioneers of the tall and wide vines, of drainage, of maintaining grass in between the rows of vines and the method of vinification which entails heating the grape juice for the first maceration.

Chateau de Lagorce sold by Vineyards-Bordeaux
Chateau de Lagorce – in the family since 1928

The property has a total area of approximately 68.73 ha and has approx.43.32 ha of vines in production. Mr Mazeau said: « I am very attached to this property having spent my whole life here. I am pleased that my existing team will continue to look after Chateau de Lagorce with an excellent new Director and I will be assisting in this transition over the coming months. »

Mr. Lin – Director of investments for SCEA Degore, said: « We were looking for a vineyard which had a large surface area so as to have a good level of production. We intend to distribute the wines to the existing clients as well as our outlets in China. »

Notaire Christophe Lacoste advised the buyer while notaire Philippe Laveix advised the sellers with the support of Safer.

Bordeaux remains one of the most popular wines for the majority of Chinese drinkers. In 2017, Bordeaux exported a total of €397 million worth of wine to China, which accounted for 20% of its export value, according to figures released by the CIVB.

Asia has already grown to be Bordeaux’s biggest export market, responsible for 45% of Bordeaux’s export value last year.  In terms of quantity, the region exported 290 million bottles of wine last year with a value of around €2.02 billion.

Here at Vineyards-Bordeaux, we are specialists in M&A work for vineyard transactions. We have a wide range of vineyards / wineries for sale – some of which are not publicly listed due to confidentiality. If you are interested in selling or buying a vineyard please contact us with your requirements.  We look forward to being able to help you.