Buy a potential vineyard in Pomerol

Pomerol is a small appellation in Bordeaux with only 780 ha of vineyards. There is also a horse racing course. But they only have four races per year and they have now decided to close it and sell the land – so they are looking for buyers. The interesting thing about it is that the 13 ha, a substantial plot in the appellation, could be planted with vines and transformed into a vineyard (Chateau du Cheval?). If it is possible to do is another question. For example, the buyers would need to have planting rights (cf the piece on the AREV in this Brief), which they don’t have. As a vineyard the land would be worth between 1 and 3 million euros. Per hectare. As a race course, or agricultural land, much, much less. More info newbordeaux.blog.co.uk