SEVEN FIELDS SELLS THREE VINEYARDS IN SOUTH AUSTRALIA

SEVEN FIELDS SELLS THREE VINEYARDS IN SOUTH AUSTRALIA

KINGSTON Estate Wines has acquired the 252ha New Residence vineyard in South Australia's Riverland region for an undisclosed amount in a deal negotiated by Colliers International's Tim Altschwager and Nick Dean on behalf of Seven Fields.

New Residence Vineyard is just outside Loxton (pictured), with about 36.4% of the vineyard planted to red varieties and 63.6% planted to white varieties. The vineyard was developed in 2001 and planted to 233ha with the balance of the land comprising headlands, formed internal roads and shed curtilage.

New Residence vineyard was one of three large commercial vineyard investment properties managed by Seven Fields that were put to market through Colliers International.

Dean said the Riverland region was Australia's largest producer of wine grapes, responsible for about 30% of the national grape crush annually.

Get our daily business news

Sign up to our free email news updates.

 
Finexia’s Childcare Income Fund secures ‘very strong’ rating from Foresight Analytics & Ratings
Partner Content
Private credit specialist Finexia Financial Group (ASX: FNX) has secured a “very...
Finexia
Advertisement

Related Stories

IHG teams with Felix Capital for four-star Holiday Inn at Caloundra

IHG teams with Felix Capital for four-star Holiday Inn at Caloundra

IHG Hotels & Resorts has partnered with Sydney-based Felix Capi...

Construction and hospitality dominate insolvencies amid 36pc spike in administrator appointments

Construction and hospitality dominate insolvencies amid 36pc spike in administrator appointments

Whilst barely a fortnight goes by when a well-known Australian comp...

Shakespeare swoops on Woolstore 1888 by Ovolo with plans for new hotel operator

Shakespeare swoops on Woolstore 1888 by Ovolo with plans for new hotel operator

Shakespeare Property Group, the property arm of boutique investment...

Visa Foundation backs First Australians Capital with $2m investment

Visa Foundation backs First Australians Capital with $2m investment

First Australians Capital's (FAC) Catalytic Capital Impact Fund...