Chateau Lascombes sold for €200 million

A French insurance company has bought Bordeaux property Château Lascombes for €200 million.

French company Mutuelle d’Assurances du Corps de Santé Français (MACSF) was reported to have bought the Margaux second growth late last week.

The sale price of €200m is slightly up on Liv-ex’s recent châteaux evaluation, where it was valued at just over €160m based on its production.

It is MACSF’s first foray into vineyards but it claimed to have a good understanding of what was involved and hoped to elevate the estate into the “super seconds” category.

The estate was bought from Colony Capital, an American investment group that has owned the property since 2001. The acquisition includes all buildings, land and equipment and between €30m and €50m worth of stock.

The current winemaking team headed by Dominique Befve will remain unchanged.

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