Vineyard

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China's Fullshare Group has bought the Red Hill Estate vineyard on Victoria's Mornington Peninsula for just over $5 million.
The 17 hectare Shoreham Road estate was established in 1989 by the late Australian businessman, Sir Peter Derham and Lady Derham.
It produces chardonnay, pinot noir, shiraz and other varieties under the Red Hill Estate and The Bench labels. 
Rated five stars by wine critic James Halliday, the estate with 9.7 hectares under vine sold through CBRE. 
Fullshare, a top-500 Chinese company with real estate projects in Australia and also Canada, is chaired by the Hong Kong real estate billionaire Ji Changqun, ranked the 73rd richest man in China according to Forbes.
Fullshare's earlier Australian investments include the Sheraton Hotel in Port Douglas, the Whisper Bay units and apartments at Airlie Beach and the Laguna Quays resort.
Sir Peter Derham passed away in 2008, but the Derham family remains shareholders in the investment company, R H W Property that owned the property.
The Australian Financial Review reported other shareholders include Red Hill Estate chairman Martin Brenton, Deloitte tax partner Dwayne Sleep, former Deloitte partner Tim Gullifer and restaurateur Max Paganoni, owner of Max's Restaurant on the estate.
Last year the Sexton family acquired the peninsula's first vineyard, Main Ridge Estate in Red Hill, with three hectares under vine for $3.25 million.
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Mornington Peninsula vineyard sale to Chinese buyers

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Hunter Valley tourism entreprenuer Matt Cowley has sold his private Polkobin vineyard estate, Hillside for $4 million. 
<a href="https://jurds.com.au/listings/rural_sale-173891-pokolbin/" target="_blank">The pavilion style home overlooking a lake at the 46-hectare property</a> was recently bought by Victor Virgona and his wife Maree after being listed through Alan Jurd of Jurd's Real Estate.
It fetched the same price Matt paid for in 2010 when he bought the property from Francis Johnson and Patricia Hume, the HR entreprenuer pair.
Selling agent Alan Jurd acknowledged the marketplace for pricey lifestyle property in the Hunter Valley had been challenging ever since the global financial crisis in 2008, but was showing early signs of recovery. It also sold in 2005 at $4 million.
It's the highest weekender sale since nearby Verona sold earlier this year at around $3.8 million. 
The prior owners of the trophy Hillside estate included former Time magazine chief, late Ed Barnum and his wife Rena. He was distantly related to P.T. Barnum, the showman of Barnum and Bailey fame.
The four bedroom, four bathroom Hillside, set on Marrowbone Road, has a tennis court, pool and an expansive vineyard, which had been planted by winemaking family the Drayton's almost five decades ago. The vineyard produces shiraz, traminer, verdelho and chardonnay. 
Matt and father Ken, the former News Corp chief, sold their Tower Estates, which included the wine business, in 2013 to Michael Hope. 
They retain ownership of the up-scale hotel Peppers Convent along with its popular restaurant, Circa 1876.
Victor and Maree had been previously active too in Hunter Valley tourism with links to Pokolbin Village, but are best remembered as setting a $20 million Balmoral record in 2005.
This article was first published in the Saturday Daily Telegraph.
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Hillside, Polkolbin resells again at $4 million

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Adelaide businessman Robert Gerard has listed the 47-hectare Bakers Gully Vineyard, his McLaren Vale winery.
It is planted with 29.5 hectares of mainly shiraz and cabernet sauvignon grapes, which are supplied to Gerard's winemaker <a href="https://www.tapestrywines.com.au" target="_blank">Tapestry Wines</a>.
With vines dating backing to the 1960s, Bakers Gully Vineyard comes with a stone residents’ cottage, shed and wine-storage facilities. It has a 50-megalitre dam with an annual 35-megalitre water allocation,
It is being <a href="https://www.realestate.com.au/property-viticulture-sa-mclaren+vale-7664471" target="_blank">marketed by Tim Altschwager and Nick Dean of Colliers International</a> with expectations around $2 million.
Robert Gerard acquired the 49 Chapel Hill Road property in the late 1990s.
It is situated between Blewitt Springs and Kangarilla, 183 metres above sea level with loam to sandy soil profile.
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Robert Gerard lists Bakers Gully vineyard in McLaren Vale

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Large commercial vineyard properties managed by Seven Fields have been listed for sale in South Australia.
Seven Fields is an Australian, family-owned company that grows, packs, and markets premium fresh produce. 
Their offering include three vineyards in South Australia’s famous Riverland and Bordertown wine regions. 
The portfolio includes the Conundrum (pictured above) and New Residence vineyards in the Riverland region and the Howcroft Estate vineyards in the Bordertown wine region.
The Riverland region is Australia’s largest producer of wine grapes, responsible for 30% of the national grape crush annually. 
The Howcroft Estate Vineyards, located in the northern extremity of the Limestone Coast Zone, are one of the largest solely red wine grape vineyards in Australia.
The almost 900 hectares of South Australian vineyards were commercially developed in the late 1990s and early 2000s as managed investment schemes under the trusteeship of the Australian Rural Group, which collapsed in 2002.
Colliers International agribusiness specialists Tim Altschwager and Nick Dean are marketing the properties.
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900 hectares of South Australian vineyards listed

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The McWilliam family has sold three vineyards - across NSW and SA - to Hong Kong-listed group CK Life Sciences for $15.7 million in a sale and lease back arrangement.
McWilliam’s Hanwood Estate winery will remain the home with its family history under leasehold. The <a href="https://www.mcwilliams.com.au" target="_blank">McWilliam's</a> family wine tradition started in 1877 when founder Samuel planted the first vines.
The other vineyards sold were The Station and Kirkgate in South Australia, The Land reports.
Over 135 years, McWilliam’s has championed New South Wales wines and today sources fruit from a variety of regions beyond the Riverina, including Hilltops, Tumbarumba, and Orange. Last year McWilliam's Wines Group returned to 100% family ownership after buying the remaining shares owned by E&amp;J Gallo.
CK Life Sciences has agriculture-related businesses in Mainland China and Australia.
In Australia, CK Life Sciences is the largest supplier of turf management products and services as well as the second largest supplier in the home garden products industry.
The group is the second largest vineyard owner in Australasia and also the largest producer of salt for the domestic market in Australia.
CK Life Sciences has a 72% interest in Belvino Investments Trust, formerly a listed Australian unit trust until delisting in 2011.
There are 13 vineyards in Belvino’s portfolio, along with irrigation water entitlements. Together, these cover around 4,800 hectares of land in Australasia.
Its other vineyards include Australia’s Qualco West Vineyard and three vineyards in Margaret River, as well as New Zealand’s Northbank Millennium Vineyard and Mud House Vineyards.
Spanning some 510 hectares of land, the Qualco West Vineyard is located in the Riverland wine region in South Australia. The Riverland wine region is Australia’s largest wine grape producing region.
The three vineyards in Margaret River comprise the Old Land Vineyard, the Rowe Road Vineyard and the Lionels Vineyard. Located in a premium wine-growing region three hours south of Perth in Western Australia, these three vineyards cover a total area of approximately 300 hectares.
The Northbank Millennium Vineyard has a total land area of about 175 hectares and a planted area of about 130 hectares. It is located at the top of New Zealand’s South Island in the Marlborough area, which represents the country’s largest wine-growing region.
The Mud House Vineyards comprise the Woolshed Vineyard in Marlborough; the Mound Vineyard, the Home Vineyard, and the Deans Vineyard in Waipara; as well as the Claim Vineyard in Otago. These vineyards have a total land area of about 600 hectares, and a planted area of about 380 hectares. They are situated in the key wine-growing regions in the South Island of New Zealand and are famous for producing premium wine.
A majority of the vineyards in CK Life Sciences’ portfolios are committed to long-term leases with major Australasian wine companies.
McWilliam has been selling holdings with its 2013 sale of the Hunter Valley investment, the $1.5 million, 29 hectare Middle Creek vineyard negotiated by Jurd’s Real Estate, Cessnock.
Colliers International suggest the lower Australian dollar and low interest rates would encourage more agribusiness to follow the McWilliams family into selling their property assets and leasing them back.
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McWilliam's vineyards sold to Chinese buyer in lease back arrangement

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One of Adelaide's oldest family companies, J &amp; AG Johnston, has listed the Galbraith vineyard in the Adelaide Hills.
<a href="https://www.johnston-oakbank.com.au/#!vineyards/cllq" target="_blank">The vineyard</a> has been listed through winebrokers Gaetjens Langley.
The 23 hectare vineyard overlooks the town of Oakbank and the local racecourse.
It was established in 1993.
<a href="https://webhost-18.adam.com.au/~johnston/about_history.php" target="_blank">William and Janet Johnston</a> migrated from Campbelltown, Scotland to South Australia in 1839, when the British colony was two years old. 
They arrived with their daughter and five of six sons and, like many early settlers, became farmers.
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Adelaide Hills vineyard Galbraith listed 

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McLaren Vale winery Wirra Wirra has acquired the boutique Ashton Hills Vineyard in the Adelaide Hills.
The 3 hectare vineyard produces grapes for pinot noir wines.
The sale, at an undisclosed price, was brokered by Toby Langley of Gaetjens Langley, according to The Australian Finncial Review.
It is a very small winery in the European mould established in 1982 by the legendary winemaker Stephen George. 
The fine elegant wines, plus bigger bodied wines made for the second label, Galah, are available for tasting at the friendly and bucolic cellar door, where the winemaker is often in attendance.
<a href="https://www.wineryforsale.com.au/for-sale/ashton-hills" target="_blank">The 3.07 hactare vineyard</a><a href="https://www.wineryforsale.com.au/for-sale/ashton-hills" target="_blank"> </a>comprises 2.69 hectares of Pinot Noir and 0.39 hectares of Riesling.
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Ashton Hills Vineyard in the Adelaide Hills sold

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Offers were due this week for the Woori Yallock vineyard estate of the Yarra Valley vigneron Stephen Shelmerdine and his wife Kate.
They are part of the Myer family.
The Victorian-style home at <a href="https://www.realestate.com.au/property-acreage+semi+rural-vic-woori+yallock-119202931" target="_blank">210 Lusatia Park Road </a>in Woori Yallock is on a 33-hectare property. 
Phillip French at Sotheby's International had initial price expectations above $1.6 million for the five bedroom homestead with valley and mountain vistas.
It has been leased for seven years. The family company bought it in 1998 for $1,025,000.
They tried to sell it in 2010 and 2011 with $2.25 million hopes.
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Shelmerdine family list Yarra Valley, Victorian vineyard

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The assets of one of Australia’s largest independent wine producers, Littore Wine Group, are on the market.
They include <a href="https://www.realcommercial.com.au/property-commercial+farming-vic-geelong-501739030" target="_blank">1,070 hectares of vineyards </a>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.”
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Littore Wine Group assets on the market

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The renowned winery and vineyard Salitage estate in WA's Pemberton has been sold for $2.85 million.
The award winning winery was bought by a Western Australia investor.
Located three and a half hour's south of Perth, the 51 hectare landholding comprises a 22 hectare vineyard, predominantly featuring Cabernet Sauvignon, Pinot Noir, Chardonnay and Sauvignon Blanc.
Also on the land is a four bedroom manager's residence, staff accommodation and four two bedroom luxurious self-contained suites.
The property includes a custom-built, state of the art winery over three levels and a cellar door featuring natural timber throughout.
The sale was negotiated by CBRE's Phil Melville and David Kennedy, in conjunction with VNW on behalf of receivers Ferrier Hodgson.
Phil said the sales campaign attracted strong buyer interest from both local and offshore parties.
 
 
 
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