Morgenhof sold for R52.25m

Stellenbosch property Morgenhof has today sold for R52.25m according to TimesLIVE.co.za.  According to the report, buyers from 13 countries registered for the auction, including four bidders from the UK, 16 from elsewhere in Europe and others from China and India. Five bids were received for the property, starting at R40m. The identity of the successful international phone bidder was not immediately known.

Morgenhof covers some 200ha on the Simonsberg and includes two manor houses, a wedding chapel, a conference centre and around 75ha of vineyards.

The seller was Anne Cointreau of the famous Champage and Cognac family – her great-grandfather Adolphe Cointreau created the orange liqueur that bears the family name. Cointreau, who bought the farm in 1993, is in her 70s and retiring to France. Morgenhof enjoyed great success in the late 1990s and early 2000s with first Jean Daneel as winemaker and then Rianie Strydom.