Charles Banks Group Invests In New Zealand’s Trinity Hill Winery, Reports Wine SpectatorFebruary 14, 2014
Charles Banks and his winery investment group Terroir Selections are expanding to New Zealand, acquiring a controlling share of Trinity Hill, a producer based in New Zealand’s Hawkes Bay region, Wine Spectator reports. The purchase price wasn’t disclosed.
Trinity Hill owns about 200 acres of vineyards, and was among the first to plant grapes in the Hawkes Bay Gimblett Gravels region in 1993. Its portfolio is diverse, but Banks is most excited about the potential of the Syrah. “I’m a cool-climate Syrah fan,” said Banks, who recently purchased Syrah-specialist Qupé in California. “I think Syrah has had a real rough patch, but the next 10 years will be great. It’s one of the most expressive wines in the world.” Trinity Hill’s current winery team will stay intact.
New Zealand is gaining attention with U.S. investors. This past week, Bill Foley announced he was expanding his portfolio in New Zealand with the addition of Martinborough Vineyard Estates.Subscribe to Shanken News Daily’s Email Newsletter, delivered to your inbox each morning.