NewsBite

Vestey family puts ‘tariff-resistant’ winery on sale with $20m hopes

Michael Bleby

The UK’s wealthy Vestey family has put The Lane Vineyard, a mid-sized winery in the Adelaide Hills, back on the market after it failed to sell last year, counting on a strong grape harvest and relative immunity to newly imposed US tariffs to clinch a $20 million asking price.

The family that once owned Australian cattle stations covering more land than Europe has renewed its push to sell the winery with 42 hectares under grape – nearly two-thirds of it with chardonnay, sauvignon blanc and semillon – that doesn’t export to the US or China.

Loading...
Michael Bleby covers commercial and residential property, with a focus on housing and finance, construction, design & architecture. He also dabbles in the business of sport. Michael is based in Melbourne. Connect with Michael on Twitter. Email Michael at mbleby@afr.com

Read More

Latest In Commercial

Fetching latest articles

Most Viewed In Property

    Original URL: https://www.afr.com/link/follow-20180101-p5lo9q