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AUSTRALIA: EVANS & Tate lease vineyard

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Australian Wine Holdings Ltd is to lease its Bridgeland vineyard in Margaret River in Western Australia to Evans & Tate Ltd.

Evans & Tate, which is based in the Margaret River, will lease the vineyard for at least 10 years with two five year options for renewal.

Established in 1999, Bridgeland is expected to reach full maturity in 2007, allowing for come blocks of Cabernet Sauvignon to be grafted to chardonnay at Evans & Tate's request.
AWH said the lease moves the company closer to selling the vineyard.


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