In just six years appeared and spread steadily. Wine country clubs remain a business opportunity for investors, particularly foreign seeking a different lifestyle or are tempted to put their money in real estate developments of this type, in a few years increased its value quite dollars.
Take an example. In 2008, the value of an acre in a gated community in the South of Mendoza was U $ S 68,000 and today is U $ S 130,000. In 2009, the value per hectare of a “wine resort” with similar characteristics in Valle de Uco was around U $ S 70,000 and the value almost doubled when the vineyards came into production.
The good news for investors is that, despite the crisis and the vagaries of politics and the dollar Argentina, these projects are downwind.
Alejandra Gil Posleman, responsible for Marketing of Santa María de los Andes project, Fiducia Capital Group, located in Agrelo (Luján de Cuyo), said that the development goes as planned. “We have 120 acres planted and production will begin this year and 102 more. Still no houses owners are building houses and vineyards-units 1 bedroom with jacuzzi overlooking the lagooning for tourism.”
“Last year almost 145 acres were sold and we expect to have equal development this year,” predicted Posleman Gil.
“We have two types of batch he continued, one residential and one to implement. Besides all the wine, the project consists of vineyards and houses a hotel with tourist services, spa, gym, horse riding and adventure tourism. Owners have advantages rates both here and in all the hotels that have Fiducia in Argentina “.
The theme restriction to purchase dollars creates problems for those who want to invest, we asked “No, because we credit currencies against writing in general, our investors are foreigners,” said Gil Posleman.
In relation to the prices in dollars, said they have stayed the same since last year. “This year, the price will depend on the costs and we will keep you” believed.
Meanwhile, Filippo Invernizzi, owner of Villa Dolce Vita (Uco Valley) was very optimistic about the business. “In our case, the project is very good. Was finished installing drinking water, part of landscaping, the first three houses were built and in 2 months will be given other 2 We’re in the second harvest and 7 lots with vineyard, separation of 11 residential lots were made. crisis did not affect us much, because the investment was made before and have a great advantage that the vineyards are in full production. ”
For someone who spends U $ S 100 per hectare, have a lot in a country wine is profitable, according to the owner of Dolce Vita. “The owner has 3 months a year and the rest of the time rented the house from 200 to 400 m2 with all comfort (that pays well) and is also supported by the sale of grapes,” described Invernizzi.
A positive aspect that brought these investments was the growth of the infrastructure around them. “About Dolce Vita is a hotel and two private neighborhoods. Works were made, are paving streets. Much of a market for these neighborhoods in Argentina yet,” Filippo finished
The investor profile in “real estate”
Pedro Bernachi is responsible for the marketing of Algodon Wine Estates in San Rafael. There are 120 residential lots between private plots and vineyards. “Some 26 lots have already been sold and there are 4 homes under construction, along with a steady job advancement in water, electricity and other development works to grow. Elsewhere in the air for future development, such as the area Polo, they are performing tasks that will allow adding nearly 500 lots more “, he said.
Bernachi said the customer profile of these enterprises still active. “Of course the crisis affects but we believe that investors increasingly value the investments in real estate and when special features give added value. Few places in the world where a buyer can purchase a plot vineyards that are will produce wines of excellent quality, with high scores from Robert Parker, “he said.
Pablo Giménez Riili owns and founding partner of The Vines Private Estate Vineyards in the Uco Valley, one of the pioneers of country clubs Mendoza wine. In this project, the value of the land passed 135 to $ 180,000 in four years and has already sold 97 of the 100 Private Vineyard Estates.
“We are in the process of expansion, since we bought just over 40 additional acres,” said the businessman. Beyond the crisis, said that “there is a market targeting luxury goods. Impact the situation has been minimal at The Vines. In these times when people look at their expenses more closely, providing a quality service is critical to success. Moreover, our country still has a lot of potential to invest in it. ”
“The truth is that we are very happy,” said Peter Meuli American businessman, president of Finca Los Amigos, one of the first 2 wine country clubs developed in Mendoza and Argentina, which began in 2006, “Of the 20 lots, and we sold 13 and are closing another operation in late February. crisis feels, but I see more people decided to buy and close the business, as an alternative to traditional investments. ”
Great growth potential
Is today profitable to invest in wine country in Argentina, asked Peter Meuli, who is looking for land to build a similar Finca Los Amigos country in Stellenbosch, South Africa. In his reply he said that while prices in this area are similar to those of Mendoza and even to cheaper here, still is far from handling the values with areas like Napa or Bordeaux.
“I do not know if the profitable word is appropriate. However, investment in a vineyard with the characteristics and environment that offers Mendoza Vineyard Village Villa Los Amigos is extremely interesting for two reasons. Firstly it is an investment in quality of life in life style that produces a great pleasure and secondly, surely, in the medium and long term is an investment with a very high probability of revaluation, ie, to realize a gain on the asset at the time of sale. prices in Mendoza are still very cheap compared to other great wine capitals of the world, “he said.
Who has been working for the same period is David Greco, Calitina Wine Resort, pioneer wine country is in full operation since 2008.- “We’ve sold 7 properties lifestyle vineyards and most of the owners have been living in their homes, preparing their wines in the vineyards, “said David Greco, one of its owners.
Calitina Wine Resort is a small and exclusive community of only 18 hectares located in San Rafael Mendoza near Casa Bianchi. Includes eight properties lifestyle vineyards planted with Malbec, Cabernet Franc, Petit Verdot, Bonarda, Cabernet Sauvignon, Tempranillo and Chardonnay.
The complex has a gated entrance portal, lit access roads, underground utilities, broadband internet and a lounge for wine tastings and events. Greco said that all properties are sold but said it will soon announce a new project within the complex.
“It will be an exclusive residential community of privately owned villas with spa facilities surrounded by vineyards and olive groves, overlooking the foothills of the Andes.”
While admitting that the property prices have increased in recent years, Greco said “Argentina has more growth potential than other regions. The price of land should be compared to the quality and consistency of the wine produced. Mendoza is the winemaker’s paradise with a long, sunny growing season, soil conditions and ideal health. therefore offers greater profit potential per dollar invested. ”
SOURCE: – DAILY THE ANDES
