Chinese buy five more Bordeaux houses
Published: 27 February, 2012
Chinese investors have bought five more Bordeaux chateaux in recent weeks, according to reports.
A further 12 are likely to be bought by Chinese buyers in the near future, the Bordeaux Chamber of Commerce says.
Chateau du Grand Moueys, a 170-hectare estate in Entre-Deux-Mers, was acquired last week by Hong Kong-based Zhang Jinshan.
Qu Nai Jie, president of the Haichang Group, has already snapped up nearby Chateau de Grand Branet as well as Chateau Branda, Chateau Laurette and Chateau Thebot. He is reportedly interested in more acquisitions.
Some Chinese owners devote their entire output to exports to China, but Grand Moueys will sell up to 20% of its wine in Europe and the US, according to an AFP report.
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