Littore Wine Group assets on the market

The assets of one of Australia’s largest independent wine producers, Littore Wine Group, are on the market.

They include 1,070 hectares of vineyards across five properties and a large modern winery and warehousing/packaging facility.

The Littore Wine Group was a large vertically integrated wine business founded more than 40 years ago by the Littore family.

The portfolio of vineyards near Mildura and a large commercial winery and packaging facilities at Geelong in Victoria has been listed through Tim Altschwager and Nick Dean of Colliers International. 

The high yielding vineyards have produced an average of around 30,000 tonnes over the past four vintages.

"The largest single vineyard in the portfolio is the impressive Arlington vineyard with plantings of approximately 739ha on 6,850ha of land situated near Wentworth NSW,” Tim Altschwager said.

The Littore winery has tank storage of nearly 18,000,000 million litres, a crush capacity of about 15,000 tonnes, an extensive warehousing and packaging centre and administrative facilities.

Altschwager said the vineyards and the winery were being offered for sale separately or as a whole. He expects interest from a wide range of buyer groups, both domestic and offshore.

“The market for agricultural assets is improving, we are receiving strong interest in quality, large-scale properties with substantial water entitlements.

"The Littore portfolio boasts around 7,000 mega litres of high security water, which we expect will attract significant interest in its own right.

“This also opens up the possibility that the properties might attract alternate uses, such as the potential conversion to almonds or cotton, which broadens the appeal of what is already one of the most significant wine industry offerings that’s come to the market.”