Romeciti acquires Sobels’ Hunter Valley vineyard
Sydney-based property developer, Romeciti, has acquired the Kevin Sobels Winery in the Hunter Valley in a deal worth $7.3m, which will rise to $15m following upgrade works.
The winery will continue to operate as normal with Romeciti planning significant upgrades and redesign, which will aim to turn the winery into a lifestyle destination for Romeciti customers and the general public.
Ash Plaskett, Communications Officer at Romeciti, said: “Short-term we want to make a series of significant upgrades and design changes to the existing site. We want to make Kevin Sobel Winery a world class destination for Romeciti residents, locals and the general public to enjoy private wine tastings, stunning views and exclusive, resort-style accommodation, with each individual villa being designed around a unique theme.
“Longer term we’re painting a bigger picture, combining residential living, tourism and lifestyles in a sustainable way. The winery is the perfect location to bring communities together through luxury accommodation, restaurants and world class wine. This is a very exciting opportunity for Romeciti and we look forward to creating a sanctuary designed to help you switch off, connect and breathe deeply using the balance of nature.”
The winery is located in the heart of the Hunter Valley on an estate that consists of 22 hectares of mostly cleared land and a further 13 acres of planted vineyard. As such, Romeciti said it presents the developer with the ideal opportunity to transform the space into a luxury retreat without disrupting the ongoing winery operations and retaining its rich winemaking history.
Romeciti is known for sustainable, luxury residences and Plaskett said that the winery, alongside other acquisitions made earlier this year will enable residents to “reconnect with nature and become part of a unique community”.