De Bortoli buy Lusatia Park from Shelmerdine family

De Bortoli buy Lusatia Park from Shelmerdine family
De Bortoli buy Lusatia Park from Shelmerdine family

The winemakers De Bortoli has emerged as the buyers of the Lusatia Park vineyard at Woori Yallock in the Yarra Valley.

The 18-hectare vineyard was bought from wine industry veteran Stephen Shelmerdine who listed it last April and sold it late last year.

The Australian Financial Review reports it is to be transferred to De Bortoli after the 2016 harvest.

Lusatia Park was bought by the Shelmerdine family in the late 1980s.

The Yarra Valley vigneron Stephen Shelmerdine and his wife Kate are part of the Myer family.

The Victorian-style home at 210 Lusatia Park Road in Woori Yallock 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 tried to sell it in 2010 and 2011 with $2.25 million hopes.

Fruit from its 1985 vines are sold to producers including PHI, a collaboration between the De Bortoli and Shelmerdine families.

The De Bortolis own vineyards in the Yarra Valle, King Valley and NSW's Hunter Valley as well as in their original base in Bilbul, in the NSW Riverina region.

The company was established by Italian migrants Vittorio and Giuseppina De Bortoli in 1928.

Jonathan Chancellor

Jonathan Chancellor

Jonathan Chancellor is one of Australia's most respected property journalists, having been at the top of the game since the early 1980s. Jonathan co-founded the property industry website Property Observer and has written for national and international publications.

Tags: 
Rural Property Sale

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