Accolade Wines is selling its famous Banrock Station Vineyard in the Riverland.
“We can confirm we are at the early stages of exploring the potential sale of the vineyards at Banrock Station, not the brand itself,” a spokesperson for Accolade Wines says.
“As part of this process, we are exploring the possible sale and leaseback of the Banrock Station Wetland and Wine Centre, the cellar door and café.
“Sale-and-leaseback transactions are increasingly common in the Australian wine industry.
“Under any sale-and-leaseback arrangement, we would continue to operate the wine centre, cellar door and café as we do today.
“We will also continue to fulfil our long-term commitment to preserving the historic Banrock Station wetlands just as we have over the past 25 years.
“Under any scenario, the Banrock Station brand would remain part of the Accolade Wines portfolio.”
The 235-hectare vineyard is on two titles and has a mix of traditional and alternative varieties.
“It is a well managed and maintained property with excellent infrastructure,” says Langley & Co which is selling the property.
The sale includes the visitor centre, two houses and “more than adequate shedding”.
“The wine centre and world-renowned wetland are included and subject to a long-term lease with Accolade Wines,” Langley & Co says.
The sale also includes a 1,916 ML annual water licence.
The vineyard was mostly planted between 1993 and 1996 and includes Shiraz, Cabernet Sauvignon, Semillon and Chardonnay plus “a good mix” of alternative varieties.
Accolade Wines is one of the world’s biggest wine companies whose brands include Hardys, Grant Burge, St Hallett, Petaluma and Arras.
Expressions of interest are open until Friday 5 May.
Email Stephen Strachan on sstrachan@langleyandco.com.au.
Recent Comments