Two vineyard transactions in Bordeaux in the past month signal interest from overseas buyers in the region’s wine labels and production potential, amid a run of improved vintages since 2014.
Chateau Vieux Paquillon, an AOC Montagne Saint Emilion estate with 12.6 hectares (31 acres) of land, of which 9.9 hectares is planted with vines, was sold to an unidentified Australian investor at close to the asking price of 2.12 million euros ($2.6 million), said Michael Baynes of Vineyards-Bordeaux, part of Christie’s International Real Estate, which handled the transaction. The price per hectare of vines, excluding other assets such as buildings and equipment, was about 120,000 euros, he said in an email.
