Wine Spectator: Domaine Drouhin Buys 279-Acre Vineyard in Oregon

Burgundy’s Domaine Drouhin has essentially doubled its estate vineyard holdings in Oregon with the purchase of picturesque Roserock, a 279-acre property in Oregon’s Eola-Amity Hills AVA overlooking Salem, the state capital. The vineyard includes 122 planted acres (111 to Pinot Noir, 11 to Chardonnay) and an additional 80 plantable acres. No purchase price was announced, but prime developed vineyards in Willamette Valley sell for about $100,000 an acre.

“We will continue to invest in Burgundy,” said Frédéric Drouhin, president of Maison Joseph Drouhin, the family’s highly regarded business in Beaune, France, “but it is getting difficult to buy something of Roserock’s size in Burgundy, and we think it will be harder to do so in Oregon soon.”

Roserock was planted in 2004 and 2006 by California-based Premier Pacific for the California Public Employee Retirement System (CalPERS), which owned the land as an investment, and sold it to the Drouhins. CalPers also owned, and Premier Pacific developed, Zena Crown Vineyard in Eola-Amity Hills and Grand Moraine Vineyard in the Yamhill-Carlton AVA, both purchased earlier this year by California’s Kendall-Jackson family. For the full story in Wine Spectator, click here.

Tagged : Oregon, wine, Wine Spectator

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