Family-owned Adelaide winery hits the market after nearly a century
A southern suburbs-based winery and associated vineyards in McLaren Vale are up for sale, with the family behind the business looking to exit the wine industry.
The land and business associated with the wine brand Patritti have been listed for sale, with CBRE agents brokering the Dover Gardens winery and McLaren Vale vineyards divestments.
CBRE noted the Dover Gardens winery – the last remaining family-owned suburban winery in Adelaide – is ripe for development.
If sold, it would mean the descendants of the business’ founder would be exiting the industry nearly 100 years after Giovanni Patritti started the company.
In a statement, the Patritti board said the family had “made the difficult decision to offer for sale their renowned winery at Dover Gardens, along with the Tatachilla and Blewitt Springs vineyards”.
“The family decision was based on a combination of factors including the industry environment and succession considerations and comes after careful reflection on the challenges faced by the industry in recent years, as well as the unwavering commitment shown by the family, board, management and staff,” the Patritti board said.
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“With a well-established brand presence in both wine and juice, an operational hospitality venue, and a suite of contracting services, this represents a unique opportunity for prospective buyers to acquire the business as a going concern and/or explore alternative investment possibilities.
“The Patritti family extends heartfelt thanks to all those who have supported and been part of the journey over the years.”
Patritti is currently helmed by chief winemaker and third-generation Patritti family member James Mungall, who has worked at the winery ever since he could walk.
Patritti wine has been made at the Dover Gardens site continuously since 1926 and currently uses grapes grown at the company’s Blewitt Springs 11-hectare vineyard (predominantly Shiraz, Cabernet Sauvignon and Mataro) and the Tatachilla 15.5-hectare vineyard (Grenache, Shiraz and Canernet Sauvignon).
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The associated Patritti vineyards are spread across 68.95ha, with 27.31ha planted to Shiraz, Grenache, Cabernet Sauvignon, Mataro and Muscat. They benefit from secure water licences amounting to 39.9ML via underground water and through the Willunga Basin Water Company. Photo: Supplied.
It also makes wine out of grapes grown 4km from the winery in the Marion Vineyard – believed to be the oldest commercially operating urban vineyard in the world. Grapes there were planted in 1907 and the land is now surrounded by housing and a public swimming pool.
The brand is also known for its non-alcoholic sparkling grape juices that found success in China.
In a press release, CBRE said the Dover Gardens winery – 12km from the Adelaide CBD – would “be suited to further development opportunities, subject to council approvals”.
Interested parties have the option to purchase the assets as a going concern, including the wine brand, labels, wine stock, consumables, business goodwill and associated plant and equipment. Meanwhile, the three properties are being offered in one-line or as individual assets.
The Dover Gardens winery sits on four freehold titles across 1.78 hectares and includes a bottling hall, warehouse, cellar door, office, workshop, cool room, storage shed and manager’s residence.
“Due to the winery’s sought-after location and being a large land footprint in a residential area within Adelaide’s inner southwestern suburbs it also lends itself to further development opportunities,” CBRE’s Ned Looker said.
“The Patritti brand is highly respected due to the quality of wine and longstanding family history,” added CBRE’s John Harrison.
“We’re expecting interest from wine industry participants seeking to continue the legacy.”
