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Thursday 2 October 2014

Pavie considers Italian investment

9th October, 2012 by Rupert Millar

Château Pavie’s owner, Gérard Perse, is said to be considering buying land in Tuscany.

While celebrating the estate’s elevation to premier grand cru classé A status, Perse is said to have told his guests: “I would love to invest in Tuscany, and why not in Brunello (di Montalcino)?”

The story first emerged on the French site Terre de Vins. Perse told the site: “Napa Valley is tempting too but not the rest of the New World: Chile, Argentina…there we talk about the industry of wine.

“Me, I would like five hectares, yes five hectares, in Tuscany.”

Italian wines, particularly those from Tuscany and Piedmont, are increasingly attracting attention from buyers as the market branches out.

As Liv-ex recently noted, the top five Super Tuscans are also showing strong returns.

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