Another Bordeaux estate bought by Chinese

A château in Entre-Deux-Mers has been acquired by a Shanghai steel industrialist.

Philippe Moysson at Château Bel-Air; photo sudouest.fr

Continuing the trend for Chinese buying estates in Bordeaux, Zhi Gen Lai bought the 40 hectare Château Bel-Air from its French owner, Philippe Moysson, for an undisclosed sum that was reportedly “over the going rate”.

Moysson has apparently been supplying Lai’s wine business for a number of years now and said that as he had no successors he had taken the opportunity to sell to Lai.

He told French newspaper Sud Ouest that “as far as he knew”, Lai was keen to use the estate to develop wine tourism, particularly for Chinese visitors.

The number of Chinese owners in Bordeaux has grown exponentially since 2008 and now numbers around 40 estates, mostly in appellations such as Entre-deux-Mers, Côtes de Bordeaux and Côtes de Bourg.

Some of Lai’s neighbours in the area include fellow Chinese at Château Grand Mouëys, Château Blanchet, Château de Cugat and Château Latour-Laguens.

For the most part, Chinese buyers will sell their stocks in China through channels they own themselves.

They often invest heavily in their properties and they are as much a status symbol as a business opportunity.

The Bordelais seem quite content so far but the Burgundians less so. Château Gevrey-Chambertin and its vineyards were recently sold to an associate of Stanley Ho, the Macau gambling tycoon, raising the ire of the local collective

Leave a Reply

Your email address will not be published. Required fields are marked *

Subscribe to our newsletters

Sales Administrator

Les Caves de Pyrène
Guildford, UK

General Manager

3Cs Cider
UK

Brand Manager

Hallgarten Druitt
Luton, UK

Brand Manager

Kilchoman Distillery Co Ltd
Edinburgh, UK

Wine Bar Supervisor

Henny's
London, UK

Partner Manager - On-trade - North West

Maverick Drinks
Manchester, UK

Partner Manager - On-trade - Scotland and NE

Maverick Drinks
Edinburgh, UK

Head of Marketing

Berkmann Wine Cellars
London, UK

Business Development Manager

Harviestoun Brewery Limited
Scotland - Central Belt

Cask Buyer

Atom Brands
Tonbridge, UK

Pays d'Oc Tasting

London,United Kingdom
28th Jun 2018

CHILE: From The Very Top To The Downright Hot

Manchester,United Kingdom
2nd Jul 2018

CHILE: From The Very Top To The Downright Hot

Edinburgh,United Kingdom
3rd Jul 2018
Click to view more

Champagne Masters 2018

Deadline : 22nd June 2018

The Global Malbec Masters 2018

Deadline : 1st July 2018

Click to view more

The Global Malbec Masters 2017

the drinks business is proud to announce the inaugural Global Malbec Masters 2017

The Global Sparkling Masters 2017

the drinks business is thrilled to announce the launch of The Global Sparkling Masters.

Click to view more