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Limestone CoastNewsViticulture

Treasury offloads massive vineyard

By Wednesday 14 June 2023June 15th, 2023No Comments

Treasury Wine Estates is selling its massive vineyard near Bordertown in the Limestone Coast.

The 488-hectare property includes more than 374 hectares of vineyards including Cabernet Sauvignon, Chardonnay, Merlot, Shiraz and Tempranillo.

Red winegrapes make up 83 percent of the vineyard.

“It is a significant vineyard by any measure,” Tim Altschwager of Colliers Agribusiness says.

“Imagine, should the Chinese market reopen, then large-scale commercial vineyards such as Bordertown Vineyards, assume even greater importance.

Penfolds established the vineyard in 1989.

The vineyard is expected to attract offers of about $9 million.

Colliers International website says, “The outstanding land holding could potentially be redeveloped to alternative horticultural/agriculture pursuits.”

Expressions of interest close on Thursday 13 July.

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