Alibaba founder Jack Ma buying Bordeaux Château expected to trigger Chinese purchase fever

By

Ma plans to create ‘mini Versailles’ in Entre Deux Mers – source

According to sources in Bordeaux, Château de Sours is currently undergoing huge renovations to its facade, courtyard and garden, with a full excavation programme already underway of the limestone cellars behind the estate, which date back to 1785.

There are plans to turn these cellars, which resemble those found in St-Emilion but have not been used in recent years due to the high cost of stabilising them, into a barrel storage centre and wine museum.

The works are being carried out by the same architectural firm as worked on Château Cheval Blanc, and are expected to be completed by this summer, although have been undertaken without final planning permission agreement.

The source in Bordeaux, who did not wish to be named, said that Ma wishes to create ‘a mini Versailles in Entre deux Mers’.

Ma friends with fellow Chinese château owner ZHAO Wei

Ma, who is good friends with fellow Chinese owner Zhao Wei, is reportedly planning a central administration centre for their Bordeaux assets. This will run their individually-owned properties together so as to leverage economies of scale. The group are also reportedly planning to buy estates in California, Italy, New Zealand and Australia.

‘The scale and ambition of these plans is huge,’ said the source.

Ex-owner Martin Krajewski to remain at Château de Sours, plans new estate purchase

Previous owner Martin Krajewski has confirmed the sale to Decanter.com, and confirmed that he will remain as consultant for the estate ‘for the foreseeable future’, in charge of production and marketing.

He will keep Clos Cantenac in St-Emilion entirely within family hands, with his daughter Charlotte joining the team. Krajewski also owns ARISTEA wines in South Africa where he is currently in his second harvest, and is building a house in Constantia. Krajewski also owns a distillery in Oslo, the first privately owned distillery in Norway since 1927, where he is currently producing a gin, an aquavit and bitters.

A new château purchase in a prestigious Bordeaux appellation is also planned.

Alibaba success story

Jack Ma is the owner of Alibaba in China, the most successful commerce site in the country and listed on the New York stock exchange since 2014.

He is reportedly also looking to buy a Bordeaux negotiant.

(Extra reporting/editing by Chris Mercer and Sylvia Wu)

Translated by Sylvia Wu / 吴嘉溦

All rights reserved by Future plc. No part of this publication may be reproduced, distributed or transmitted in any form or by any means without the prior written permission of Decanter.

Only Official Media Partners (see About us) of DecanterChina.com may republish part of the content from the site without prior permission under strict Terms & Conditions. Contact china@decanter.com to learn about how to become an Official Media Partner of DecanterChina.com.

Comments

Your_name:
Submit