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Your email address will not be published.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 *

Please note that comments are subject to our posting guidelines in accordance with the Defamation Act 2013. Posts containing swear words, discrimination, offensive language and libellous or defamatory comments will not be approved.

We encourage debate in the comments section and always welcome feedback, but if you spot something you don't think is right, we ask that you leave an accurate email address so we can get back to you if we need to.

Subscribe to our newsletters

Business Development Manager

Bashall Spirits
Lancashire, UK

Territory Manager - Edinburgh

Cadrona Distillery
Edinburgh, UK

Territory Manager - London​

Cadrona Distillery
London, UK

Business Development Manager

Lucozade Ribena Suntory
UK

Customer Marketing Manager

Bibendum
London NW1, UK

Export Assistant Co-ordinator - Maternity Cover

Speciality Drinks
Whitby Avenue, London NW10 7SF, UK

Customer Services Administrator - On Trade

Speciality Drinks
Whitby Avenue, London NW10 7SF, UK

Events Assistant

67 Pall Mall
London, UK

Fruit Focus 2019

East Malling,United Kingdom
17th Jul 2019

International Bulk Wine and Spirits Show

San Francisco,USA
23rd Jul 2019

The Wine Show Chelsea 2019

London,United Kingdom
18th Oct 2019
Click to view more

The Global Riesling Masters 2018

View Results

Global Chardonnay Masters 2018

View Results

Click to view more