China’s Fullshare uncorks Red Hill Estate trophy vineyards

China’s Fullshare Group has demonstrated the appetite from Asian investors for premium Australian vineyards after snapping up the trophy Red Hill Estate on the Mornington Peninsula for just over $5 million. The highly-picturesque 17.4-hectare property on Shoreham Road in Red Hill South, in the renowned cool climate wine region, was established in 1989 by the late Australian businessman and philanthropist Sir Peter Derham and Lady Derham.