Hunter Valley vineyard bought by Chinese investor
A Chinese investor has spent about $2.7 million on the Hunter Valley vineyard Windsor’s Edge. The 48-hectare property sold through Cain Beckett at Jurd’s Real Estate. The buyers were keen to shore up supplies of wine for bottle shop or liquor distribution in China.
Windsor's Edge is a small family-operated resort with cellar door at Pokolbin in the centre of the Hunter Valley vineyards.
Windsor's Edge vineyard was planted in 1995 by Tim and Jessie Windsor with five acres of shiraz. It was followed by five acres of semillon and five acres of chardonnay in 1997.
Since then more plantings of shiraz and the rarer varieties of tinta cao and tempranillo have been planted.
The first grapes were produced in 1999. Tim Windsor, a graduate of Charles Sturt, and Jessie, an industrial chemist, recently won gold and silver medals for their Solera fortified wine.
The land is adjacent to the Vintage Resort golf development, on the corner of a major tourist route.
It has the main homestead and three cottages for hire.
Agents note the trend of Chinese vineyard buying has continued in recent times despite the currency exchange rate between the two countries not necessarily favouring the investment.
But the acquistions are typically at a 20% discount on their boom-time asking price.
China is Australia's largest export market for wine over $10 a litre.
