The long march to acquire not only wine assets, but good ones, continues from China.
A 13-hectare St-Emilion grand cru estate in St Laurent-des-Combes is understood to have been bought by a Chinese industrialist
Although the details of the deal have not been disclosed, a classified estate in the St-Emilion appellation would expect to sell for between €1 million and €2m per hectare. That's a lot of cash for those vines!
Bellefont-Belcier is the first classed growth Bordeaux property to pass into Chinese hands and joins approximately 40 other Bordeaux estates with Chinese owners. Many of them seem to be improving with a bit of new investment.