Pichet Group acquires Chateau Haut Nouchet for €11m
French real estate firm Pichet Group has acquired 17 acres of Chateau Haut Nouchet wine estate of Bordeaux for €11m from Briest family.
Located in the Pessac-Leognan region at 3-way Tower, 33650, Martillac in France, the Chateau Haut Nouchet has 27 hectares of red vines and seven hectare of white vines.
The estate is mainly known for producing premium wines like Chateau Haut Nouchet Rouge, Chateau Haut Nouchet Blanc, Arpege by Haut Nouchet, Florilege by Haut Nouchet, Serie Limitee Serge Lama and others.
With the purchase of Chateau Haut Nouchet, Pichet Group expands its total area of vines in the Bordeaux's Pessac Léognan region to 28 hectares, reported decanter.com.
Pichet Group also owns Chateau Les Carmes Haut-Brion and Chateau Le Thil in Pessac-Leognan region.
For the 2013 harvest, the company will plant around 10,000 vines per hectare in the Nouchet estate in the next three years, and will build a new vinification and barrel cellar unit at the site.
Following the 2013 harvest, Haut Nouchet vines will be uprooted and replanted to 10,000 vines per hectare over the next three years, and a new vinification and barrel cellar built on the site.
Chaeau Haut Nouchet director Guillaume Pouthier was quoted by the website as saying that both the vines from Le Thil and the new vines that they have bought will combine to make Le Clos de Carmes Haut-Brion.
"Until now, this wine was made in certain vintages only, but we will produce it each year. It is not exactly a second wine, but a standalone label," Pouthier added.