Casella, goFarm snap up Belvino vineyards

Hong Kong-backed Belvino Investments has sold its Dunvar vineyard in the NSW Riverina to Casella Wines for about $12 million and its Del Rios vineyard on the Murray River in northern Victoria to GoFarm Australia for between $22-$25 million. In a third big vineyard sale, family-owned Kingston Estate Wines snapped up the 252-hectare New Residence vineyard near Loxton in South Australia’s Riverland region from a Seven Fields investment syndicate for an undisclosed sum.