France: Yannick Evenou buys Chateau Réaut via Facebook share offer
France: Yannick Evenou buys Chateau Réaut via Facebook share offer
Jan 12, 2012 6
Part of a 12-strong consortium, Evenou bought the 26ha Chateau Réaut (formerly Chateau Réaut la Gravière) in Cotes de Bordeaux from Champagne Roederer.
The deal was completed via the creation of a property sharing group or GFA (Groupe Foncier Agricole), with 400 members of the public taking shares in the property. The scheme had used social networking site Facebook to attract potential investors.
For €1500 investors become part-owners of the GFA. This investment equates to 165 vines, and 36 bottles per year, each of which will be labelled with the purchaser’s own name.
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