Treasury Wine Estates has hired advisors to work on the potential sale of a vineyard in South Australia.
The Penfolds maker has appointed Colliers, which handles the sale of viticulture assets, to advise on the disposal to offload Markaranka Vineyard in South Australia’s Riverland region.
An Instagram post by Colliers describes Markaranka Vineyard as “a premier River Murray holding with unmatched scale and flexibility”.
According to Colliers, the assets comprise 1,298 hectares, with 157 hectares of “established vineyard plantings extensive irrigation infrastructure and over 1,100 hectares of unutilised land”.
The agent is inviting expressions of interest with a deadline of 24 July.
Approached by Just Drinks, a spokesperson for Treasury Wine Estates (TWE) said the “sale process is underway”.
According to the company’s 2025 annual report, it owns six wineries and one packaging facility in Australia. The group’s wines are primarily produced
in South Australia and Victoria.
In May, TWE offloaded its Rouge Homme brand in Australia to Redman Wines, which was the original owner before the brand was acquired by Lindeman’s in 1965.
Last month, TWE said it had started a review of its business in the Americas, a move that CEO Sam Fischer said could include “the sale of selected brands or assets”.
TWE has felt pressure on its Americas business in recent quarters, especially in the US.
In February, the Daou Vineyards brand owner recorded a non-cash impairment charge on its US business worth A$987.6m (then US$699.5m) pre-tax.
The charge came alongside a fall half-year “EBITS” or earnings before interest, tax, self-generating and regenerating assets, plus “material items”. The group’s first-half EBITS stood at A$236.4m, down 40.3% on a year earlier. TWE pointed to “adverse category trends” in the US and China for the decline in earnings.
The group is also targeting A$100m a year in cost savings over the next three financial years as part of a “transformation programme” Fischer laid out in December, which included a review of products and plans to cut costs.
As well as the review of TWE’s Americas business, the company is planning to reduce the number of brands in its portfolio from 76 to less than 30.
“TWE puts Markaranka Vineyard in Australia on block” was originally created and published by Just Drinks, a GlobalData owned brand.
