By Andy Young
South Australian winemaker Bill Moularadellis has reportedly purchased the Lake Marmal Vineyards in Boort in central Australia.
Located between Charlton and Boort, the 298-hectare Lake Marmal property comprises a 172-hectare vineyard, which was established in 1998.
The vineyard is planted to Shiraz (67 per cent) and Cabernet Sauvignon (27 per cent) varieties, with the remainder comprising some minor plantings of Durif, Mourvedre and Sangiovese.
Moularadellis is the Managing Director of Kingston Estate and reportedly paid $3.575m for the property, which was sold by CBRE.
The vineyard currently has a grape supply agreement in place until 2018, with Treasury Wine Estates.
TheShout has contacted Moularadellis for comment.