The Randall Wine Group has acquired a 310- hectare property in the Riverland, which has 86 hectares under vine.
Executive Chairman and Proprietor Warren Randall told WBM: “This is the first time that the Randall Wine Group has invested in the Riverland and the first time a vineyard has been acquired to supply a specific brand – all other acquisitions over the last 27 years have been to supply luxury bulk wine supply contracts.”
The Glen Devlin vineyard is principally planted with Shiraz and Cabernet and was acquired from the Byrne family, which established the vineyard in 1960.
Randall said the vineyard was acquired to supply the One Pound Per Acre brand, one of the fastest growing Australian wine brands in China, with a distribution agreement servicing 12,000 fine wine retailers initially, with the potential to grow to 140,000 across the next five years.
Randall Wine Group became the biggest vineyard holder in McLaren Vale following the acquisition of four vineyards in the area in November.
It is also the largest private, luxury vineyard holder in South Australia, with total holdings of 3,318 hectares across eight premium wine growing districts including Barossa, McLaren Vale, Clare, Langhorne Creek, Currency Creek, Coonawarra, Eden Valley and now the Riverland.
Randall told the Australian Wine Industry Technical Conference in Adelaide in July that continued growth in Australian volumes to China of 25% a year would result in sales of 820 million litres a year by 2025.
“These numbers can be numbing but they must be comprehended to understand the magnitude of the market before us,” he said.
“South Australia is extremely well placed to supply China because it produces 80% of Australia’s premium wine. The challenge for Australia is we will not have enough wine to satisfy China’s thirst.”