Champagne’s Chauvet family looking for real estate investors

Friday October 13 2017 by Vitisphere

Trading as Vitis Vinea, the viticultural land group set up by the Chauvet family in Champagne, has a clear objective: it is looking for investors. The funding is aimed at boosting the family’s land holdings from 2.5 to 10 hectares of vines in Chaumazy in the Ardre Valley. To convince would-be investors to join this ambitious project, sales director Muriel Chauvet – the fourth generation of family wine growers – has described the fundraising initiative as a “long-term investment”. For subscribers, this means signing up to an 18-year lease providing access to land revenue “in the range of 1.5 to 5%, part of which can be paid in kind, with wines from the property”. Another convincing argument is that investing in this type of group offers “an efficient tool for maximising one’s estate and overcoming inheritance issues, with exemptions of as much as 50% on inheritance duties and 75% on wealth tax”. 

A rare and recent occurrence in Champagne

Founded in June 2016, Vitis Vinea is a fairly unique initiative on the Champagne wine scene. It could even be described as a trailblazer and a response to Champagne’s limited, and speculative, access to vineyards. The latest report by land registry agency Safer showed that the average price of a hectare of vines in the region had trebled over the past twenty years, rising to 1.14 million euros/hectare in 2016. 

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