. Military Space News .




.
FARM NEWS
Chinese tycoons snap up Bordeaux chateaux
by Staff Writers
Bordeaux (AFP) Feb 21, 2012


The world's largest producer of alcohol from goji berries and an elusive tycoon have become the latest super rich Chinese investors to invest in Bordeaux wine estates.

Already a prized investment for the increasingly wine-savvy Chinese, five more chateaux in the heart of France's most renowned wine country have been snapped up in the past few weeks.

Zhang Jinshan, 48, founder of the Ningxia Hong group based in northwestern China, bought Chateau du Grand Moueys from its German owner on Friday.

Grand Moueys is a sprawling, 170-hectare (420-acre) estate near the village of Capian in Bordeaux's Entre-Deux-Mers region.

On the other side of the village, Qu Nai Jie, the president of the Haichang Group, bought another historical gem, Chateau de Grand Branet and three more in the region: Chateau Branda, Chateau Laurette, and Chateau Thebot.

Qu had already acquired Chateau Chenu Lafitte in 2010, and according to the manager of Grand Branet, is actively pursuing further acquisitions.

In and around Bordeaux, more than 12 chateaux are in various stages of acquisition by Chinese investors, according to the Bordeaux Chamber of Commerce (CCIB), which operates a China desk to assist would-be investors in the region.

Real estate agent Eric Groux of Conseil Patrimoine in Paris has been selling chateaux for several years with clients in Hong Kong, China and Singapore.

Chinese customers prefer relatively unknown estates in modest "appellations" -- the approved wine-growing areas. "They can buy a chateau with vineyards for the price of a Paris apartment," Groux said.

Last November, Groux brokered the sale of Chateau Monlot, a seven-hectare Saint Emilion grand cru, to actress Zhao Wei and her husband for some four million euros ($5.4 million).

"They fell in love with the estate and are passionate about wine," said the former owner Bernard Rivals, who as part of the deal will remain at the estate for two years, helping them in their new role as Bordeaux chateau owners.

But the Chinese are not just buying wine estates as novelty holiday homes, many of them are serious about wine as a craft and as a business.

"They are interested in the cellars and they surround themselves with experts," said Groux. "They want to improve the wine and they have the means to do it. It's a good thing for France's vineyards."

The investments reflect China's spectacular thirst for Bordeaux, which now accounts for exports of 420,000 hectolitres per year worth 322 million euros to France, according to the Bordeaux Wine Council.

Chateau purchases are often part of a larger strategy to cash in on China's wine boom.

The Haichang Group, which has interests in shipping, real estate and amusement parks, is working with CCIB to bring Bordeaux's popular Wine and Dine festival to the northeastern Chinese technology hub of Dalian next July.

Typically, Chinese chateau owners ship their entire production back to China -- as Haichang does with Chenu Lafitte -- effectively closing off the chateau's production to Western palates.

In a noteworthy exception, Zhang intends to keep 10 to 20 percent of Grand Moueys in the European and US markets. He also hopes his estate will become a meeting place for cultural exchange amidst wine and luxury.

"This will be a Chinese chateau and part of the new culture in Bordeaux," said Zhang, while sipping tea in his 19th century salon.

"There are a lot of chateaux in Bordeaux but our speciality will be a chateau with Chinese culture."

Plans are in place for a resort with a nine-hole golf course, nature trail, tennis courts, hotel and 70-seat gourmet Chinese restaurant in the neo-Gothic chateau.

The only thing there will not be is a swimming pool.

The estate is in a district known as Entre-Deux-Mers or "between two seas" and which is bordered by two major rivers.

"There is already too much water. A pool would be bad Feng Shui," said the managing director of Zhang's estate, Li Lijuan, referring to the Chinese practice of aligning properties with what are believed to natural forces around them.

Related Links
Farming Today - Suppliers and Technology




.
.
Get Our Free Newsletters Via Email
...
Buy Advertising Editorial Enquiries






.

. Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle



FARM NEWS
New miniature grasshopper-like insect is first member of its family from Belize
Chicago IL (SPX) Feb 21, 2012
Scientists at the University of Illinois, USA have discovered a new species of tiny, grasshopper-like insect in the tropical rainforests of the Toledo District in southern Belize. Dr Sam Heads and Dr Steve Taylor co-authored a paper, published in the open access journal ZooKeys, documenting the discovery and naming the new species Ripipteryx mopana. The name commemorates the Mopan people - ... read more


FARM NEWS
Israel deploys Iron Dome ABM battery

Tel Aviv to get missile interceptor system: army

India says missile shield test a success

Israel conducts 'final test' on Arrow anti-missile system

FARM NEWS
FARM NEWS
US drones monitor events in Syria: report

Unmanned version of A-10 on way

France, Britain to launch joint drone project: report

NATO to spend 3.0 billion euros on drone program

FARM NEWS
Cambridge Consultants unveils ModStar radio architecture for military communications

General Dynamics Demonstrates First MUOS-based Communications on JTRS HMS Radio

U.S. Navy satellite launch scrubbed again

Upgrade will triple the satellite capacity for airborne radio terminals

FARM NEWS
Edwards F-35A Conducts First External Weapons Test Mission

Russia may set up defence research agency

Data Link wins South Korean F-16 upgrade

Raytheon Completes First Test of JSOW-ER Warhead

FARM NEWS
Brazil sees growth in regional arms sales

Putin backs 'unprecedented' boost for Russian army

Italy edges S. Korea in $1B jet deal

Singapore raises defence spending by 4.3%

FARM NEWS
India-US relations not aimed at China: Antony

China's Xi shows US new style but questions linger

China's Xi woos US heartland as Romney attacks

Outside View: BHO equals W on steroids!

FARM NEWS
Researchers Find Strange New Nano-region Can Form in Quasicrystals

Nano-coating doubles rate of heat transfer

New nano-material combinations produce leap in infrared technology

ORNL microscopy explores nanowires' weakest link


Memory Foam Mattress Review

Newsletters :: SpaceDaily Express :: SpaceWar Express :: TerraDaily Express :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News

.

The content herein, unless otherwise known to be public domain, are Copyright 1995-2012 - Space Media Network. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement