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Saturday 24 December 2022

McLaren Vale wine business hits the market

Looking for a Christmas present for someone with everything?

How about one of Australia's finest boutique vineyards and wine businesses?

Gemtree Wines in McLaren Vale, South Australia, was this week placed on the market after the major investor - Chinese businessman uangang Song - indicated his desire to sell.

The biodynamic operation on 56.7 hectares of land produces around 40,000 cases of wine a year, and was established by the Buttery family in 1998.

Under the guidance of current custodians Mike and Melissa Brown - who have been in situ for 25 years - Gemtree is a guiding light of sustainable grape growing and winemaking.

The vineyards are planted with grenache, tempranillo, fiano, albarino and shiraz and the sale includes a tasting room with views of McLaren Vale and the coastline; as well as an eco-trail and wetlands with visitor amenities and accommodation.

The winery can process 3,000 tonnes each vintage. winery with 1,000 tonnes of contract winemaking.

"Due to a change of circumstances with the major shareholder the business is being offered for sale as a going concern," says real estate agent Stephen Strachan of Langley & Co.

Expressions of Interest for the entire business or individual components must be lodged by February 28.

You'll find details here:

Wine Business Monthly estimates the price could exceed $10 million. 

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