Primewest bolstered its IPO-bound unlisted agricultural fund with one of the Barossa Valley’s prized holdings, snapping up the vineyard portfolio of Rolf Binder Wines.
Sources close to the deal said Primewest agreed to acquire the 101 hectares of premium vineyards located in the Barossa and nearby Eden Valley for about $15 million. These will be leased back to Accolade Wines, which bought Rolf Binder Wines in March.
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Larry Schlesinger writes on real estate, specialising in commercial and residential property. Larry is based in our Melbourne newsroom. Connect with Larry on Twitter. Email Larry at larry.schlesinger@afr.com
