Vineyards in general, and the Champagne appellation in particular, occupy a special place in France’s land heritage.
Wine is France’s second-largest export, with Champagne accounting for a third of its value.
The land and the work of the winegrowers produce a wealth that carries economic weight, and builds up an estate for the owners whose value has risen considerably:
in 1980, a hectare in Champagne was worth €76,000, compared with around €1,041K today (which is not to prejudge future performance). Given these prices, the Union des Maisons de Champagne, a federation of wine merchants, points out that “we have every right to find them exaggerated, but at least they have the merit of testifying to the perfect observance of the appellation’s regulations, because if we could plant everywhere, vineyard land wouldn’t be worth so much”.

Acquisitions may be made throughout the Champagne appellation, with a view to diversification. Particular attention will be paid to a number of factors: the good repute of the grower, the age of the rootstock, the presence of missing vines (dead or uprooted vines), the quality of vineyard maintenance, the implementation of environmentally-friendly management practices, the nature of the soil, the local land market, etc. These factors will be analyzed by an expert independent of the Management Company, prior to any acquisition. The vineyards can be of any size, provided they produce enough grapes to sell a third of their output.

Liquidity is not guaranteed. It is organized through a subscription/withdrawal mechanism; liquidity depends on share subscription requests registered by the Management Company: shareholders’ requests to sell shares may be offset by new subscriptions. No guarantee can be given as to the resale period or the sale price. The Management Company also aims (but cannot guarantee) to retain 10% cash to ensure liquidity in the event of a blockage in the subscription/withdrawal market. As a last resort, La Foncière may dispose of winegrowing assets, which is not guaranteed and may take some time. Caution: liquidity is not guaranteed, either in terms of time or price; the sale of shares on the secondary market may prove difficult and require time to find a buyer; the conditions for the sale of shares in terms of price may vary over time.

• Diversification – decorrelation from financial markets
  IFI tax exemption
  Income tax reduction of 25% (valid for Foncière Champenoise France Valley I).
  Contribution-Cession (art. 150-0B ter du C.G.I, valid for Foncière Champenoise France Valley II).