The latter, which acquired the estate in 2011 from the American investment fund Colony Capital, retains 35.7% of the shares, a source close to the mutual told AFP.
The amount of the sale of the property, which extends over 120 hectares of vines in the Margaux appellation and 10 hectares in the Haut-Médoc appellation, has not been specified but eleven years ago, the amount of 200 million euros had circulated for the valuation of the domain.
According to the Land Development and Rural Establishment Company (Safer), the average price of a hectare in the Margaux appellation is 1.5 million euros and it can climb to three million according to a specialist interviewed. by AFP, a figure which would value the estate today between 300 and 400 million euros.
The MACSF did not want to say anything about the sale price, only ensuring that it had carried out a “very nice operation”. The estate, which is one of the largest of the Crus Classés of 1855 and produces an average of 350,000 bottles per year, has produced a yield “over 6% per year on average” since its acquisition, it was also underlined. source.
The acquirer, Gaylon Lawrence, is an American businessman active in agriculture, real estate, banking, heating and air conditioning in the United States and, since 2018, in viticulture with several acquisitions within the Napa Valley, California’s great wine region.
“Château Lascombes is the largest estate in Margaux (…) We are confident in our ability to produce one of the most exceptional wines in the region and (…) we will spare no expense to bring it to its maximum potential,” Carlton McCoy, sommelier who runs Lawrence Wine Estate, said in a statement.
Two weeks ago, another estate, Château Lanessan, which extends over 80 hectares in Haut-Médoc, was transferred to the Australian flag with a majority stake taken by the company Treasury Wine Estates, which is in its fifth acquisition. in the Bordeaux vineyards in three years.
