Lake Marmal Vineyard sold to Kingston Estate Wines
Kingston Estate Wines has purchased Lake Marmal Vineyards in central Victoria for $3.575 million.
The winery features a 298 hectare landholding planted to 172 hectares of Shiraz and Cabernet Sauvignon.
Kingston Estate Wines, owned by the Moularadellis family, has purchased the vineyard and has a Grape Supply Agreement in place up to and including the 2018 vintage.
CBRE’s Phil Schell negotiated the sale on behalf of Lake Marmal Vineyards Pty Ltd and said Lake Marmal is a highly productive vineyard that was established in 1998 with the objective of supplying a substantial quantity of fruit to Treasury Wine Estates.
“The site was originally selected for its favourable climate, soil profile, ability to be managed efficiently, expansion capabilities and its strategic location with regard to numerous processing facilities,” he said.
