BULK wine producer Yellow Tail is reportedly the purchaser of a 310 hectare vineyard at Langhorne Creek in South Australia. The producer is buying the asset for $6.2 million from Cheviot Kirribilly, which is being wound up, according to the AFR which reported the transaction. Cheviot has another 120 hectares of vineyards under offfer atRead more
SOUTH Australia’s Cockatoo Ridge Winery has sold for $3 million. The 12.8 hectare winery is in Riverland, reportedly Australia’s largest wine grape producing region. Cockatoo Ridge includes offices, a tasting room, laboratory and storage facility. Colliers International marketed the processing facility.Read more
THE CHALLENGER Wine Trust is understood to be selling about $20 million of dozens of vineyards around the country.
The trust’s manager Nick Gill told The Australian “We are in the process of reducing our gearing, as all property trusts are.”
“They are of varying sizes, all dotted across different parts of Australia, some in premium areas and some in less premium areas”.Read more