R94m later! Another Stellenbosch wine farm goes to foreign investors
R85 MILLION for Quoin Rock in 2012. R90m and R80m for Uitkyk and Warwick in 2018. R94m for Knorhoek in 2019. All four on the Simonsberg in Stellenbosch. What would Kanonkop be valued at? It wasn’t that long ago that Constantia Uitsig sold for R175m, and before that Klein Constantia for R198m, with Boschendal of Franschhoek holding the national record at R700m. Vergenoegd? Who knows! Groot Constantia? Priceless!
For more from the Financial Mail, click here.
Regarding Stellenbosch wine farm sales: “I am not sure where you got your prices from, but I can assure you that [at] least two are hopelessly inaccurate.”