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News
Three Bordeaux estates bought by Chinese
Three Bordeaux châteaux have been bought by Chinese investors following the sale of Château La Fleur Jonquet in Graves to a Chinese architect last week.
Château l’Enclos in Sainte Foy la Grande has been sold to Chinese billionaire Cheng Qu
Château Patarabet in Saint Emilion, Château l’Enclos in Sainte Foy la Grande and Château de Pic in Cadillac have all been sold to Asian investors.
The nine-hectare Château Patarabet has reportedly been sold to a Singaporean investor who already owns a property in Saint Emilion.
The château, which has been owned by the Gombeau-Bordas family since 1920, is advertising the sale of its entire stock on its website due to the change of ownership.
The 24-hectare Chateau L’Enclos meanwhile, has reportedly been sold to Chinese billionaire Cheng Qu, owner of the Haichang Group, which specialises in petrochemicals, oil transportation, real estate and business tourism.
Château Patarabet in Saint Emilion has been sold to a Singaporean investor
The Haichang Group aims to acquire 25 properties in Bordeaux and has enlisted former president of the CIVB, Christian Delpeuch, as a consultant for the group.
Qu already owns a number of Bordeaux estates, including Château Baby in Sainte Foy, Château Chenu-Lafitte in Côtes de Bourg, Château Branda in Fronsac and Millaud Montlabert in St Emilion.
Finally, the 44-hectare Château de Pic in Cadillac has been sold to Chinese businessman Mr Wu, best known for distributing popular white spirit Baijiu in China.
The three acquisitions follow the news that Chinese architect Wengcheng Li has snapped up Château La Fleur Jonquet in Graves, taking his Bordeaux châteaux total up to three.
Li also owns Château La Dominante in Saint–Denis de Pile and Château Lucas in Castillon-la-Bataille.
The sale of two additional Bordeaux properties to Chinese investors are expected to go through in the next four weeks.
Earlier this week, db reported that auction house Christie’s is to open the world’s first estate agency for would-be vineyard buyers in Hong Kong.
Vineyards by Christie’s International Real Estate will offer a consultancy service for clients looking to buy vineyards in the world’s most sought after wine regions.