The big boys are moving into premier French wine regions
Both Louis Jadot and E.Guigal have been snapping up properties in some of France's finest wine regions.
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Both Louis Jadot and E.Guigal have been snapping up properties in some of Frances finest wine regions.
Louis Jadot purchased Domaine Prieur-Brunet, securing 18 hectares of prime Cote de Beaune including Grand Cru vineyards in Bâtard-Montrachet and a number of Premier Cru sites.
While Maison E.Guigal has purchased Domain de Nalys’s 50 hectare estate in Châteauneuf-du-Pape. Both purchases are considered a rarity where it is difficult to acquire quality vineyard sites.
Louis Jadot is best known as a negotiant buying grapes to make their wines rather than owning vineyards. However a move by more estates in Burgundy to bottle their own wine has put pressure to acquire more vineyards.
Maison E.Guigal, the Northern Rhone power house, has been a negotiant in Châteauneuf-du-Pape since 1946 but this is their first vineyard purchase in the region.
No mention of price was available but land in Châteauneuf-du-Pape is expensive and some experts predict that the price may have been as high as €45m for the 50Ha, with vineyards in Burgundy worth even more per hectare.
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