Chinese Wine distribution giant buys Bordeaux vineyard

Bordeaux vineyard expert Maxwell-Storrie-Baynes, Exclusive Affiliate to Christie International Real Estate announces the sale of Domaine de Courteillac, Bordeaux Superieur to Daohe Wine and Spirits a Chinese conglomerate with a wine and spirits subsidiary. PWC Bordeaux led by Stephanie Verschave provided legal and accounting advice to the buyer. Dominique Meneret, the seller, purchased the estate in 1998 from his friend Stephane Asseo in partnership with the company Ballande & Meneret before becoming the sole owner in 2001.

The new owner has purchased the 50 ha estate with 27 hectares of excellent terroir on the plateau of Ruch 33350 and plans to keep the existing business-plan and team in place. Stephane Dubes will continue in his role as Directeur Technique while Stephane Derenoncourt and Frédéric Massié remain as consultants to the estate. During the transition period Dominque Meneret will provide support and advice and will maintain French distribution via SARL Domaines Meneret-Audy.

The Daohe Group focuses in commercial real estate, catering management, aviation, communications, film industry, technology, beverages and asset management. This is the first investment in Bordeaux for Daohe W&S as they launch their international expansion seeking the highest quality vineyards with strong reputations and proven distribution channels. Michael Baynes said “we were very impressed by the professionalism and cultural sensitivity that Daohe displayed throughout the purchase process.”