Treasury Wine Estates has engaged advisors to explore the potential sale of its Markaranka Vineyard in South Australia’s Riverland region. The Penfolds producer has appointed Colliers to oversee the asset’s disposal, leveraging the firm’s expertise in viticulture sales.
Colliers describes the property as a “premier River Murray holding with unmatched scale and flexibility.” The 1,298-hectare estate includes 157 hectares of established vineyard plantings, extensive irrigation infrastructure, and over 1,100 hectares of unused land, offering significant development potential.
Expressions of interest are being invited, with a submission deadline set for July 24. A Treasury Wine Estates spokesperson confirmed to Just Drinks that the “sale process is underway.”
The company’s 2025 annual report notes ownership of six wineries and one packaging facility in Australia, with primary production hubs in South Australia and Victoria. This comes amid broader strategic realignments, including the recent sale of the Rouge Homme brand to Redman Wines, the original owner prior to Lindeman’s acquisition in 1965.
Treasury Wine Estates is also conducting a review of its Americas operations, which CEO Sam Fischer indicated may involve divesting select brands or assets. Challenges in the US market, highlighted by a A$987.6 million ($699.5 million) pre-tax impairment charge in February, have contributed to declining profitability.
First-half EBITS fell 40.3% year-on-year to A$236.4 million, attributed to adverse category trends in the US and China. The group aims to achieve A$100 million in annual cost savings over the next three fiscal years as part of a transformation initiative launched in December, which includes portfolio streamlining.
As part of this program, Treasury Wine Estates plans to reduce its brand portfolio from 76 to fewer than 30, aligning with efforts to optimize operational efficiency and focus on core markets.
