The principle of the GFV
Le principe du GFV
A GFV (Groupement Foncier Viticole) is a French corporation called an SCI (Société Civile Immobilière) which brings together private individuals (natural persons) for the purchase of shares in a vineyard.
This participatory financing solution is designed to facilitate the establishment of winegrowers in prestigious appellations.
The GFV does not directly operate the vineyard, it leases it out under a long-term lease (18 years). This tenancy brings stability and gives entitlement to tax advantages for investors.
In general, the rent is paid in bottles of wine from the estate, but it can also be paid in cash. The rent in "bottles" is more advantageous for the investor: it allows them to receive their allocation based on the cost price while it is valued based on a public price.
Each associate of the vineyard receives each year a remuneration in bottles of wine from his property.
With Château des Capucins, this rent is financially attractive (4.8%) and will provide a moment of pleasure with each shared tasting !
A diversification investment having as advantages the stability of land ownership and the assets of the luxury market.
French vineyards are famous worldwide thanks to their terroirs and the know-how of their winegrowers. It is the development of global trade that attracted investors because before the 1980s, most winegrowers were “owner-harvesters” and investment opportunities were rare.
In the 1980s/2000s, great fortunes and institutional investors began to take an interest in the great vineyards of Bordeaux. They find safe haven values there because the value of the land is quite disconnected from the fluctuations of the stock market. In addition, the reputation and rarity of great wines are part of the world of luxury and ensure significant capital gains.
In the 2000s/2010s, foreign investors (Europeans, Chinese, Americans...) also arrived, contributing to the increase in the value of vineyards in major appellations.
The arrival of individual investors is a more recent movement. It has been observed especially since 2018 with the entry into force of the 75% tax allowance on the IFI and on the transfer of shares of Groupement Foncier Viticole (GFV).
The companies that invest millions of euros to acquire a renowned château do so with a financial logic. Indeed, for 30 years, the value of vineyards, despite cyclical crises, has always progressed faster than inflation. And when the purchase of the vineyard is accompanied by investments for the quality and the image of the estates, the capital gains are often considerable.
Vineyard land is a tangible asset based on rare and sought-after land.
The terroir of Lalande de Pomerol, sandy-gravelly, is quite "comfortable" for winegrowers. It gives rise to wines with silky tannins that meet the expectations of both experienced enthusiasts and newcomers.
A pleasure investment for wine lovers
The individual who participates in the financing of a vineyard within the framework of a GFV can also hope for a capital gain in the medium term, especially if the winegrower invests and ensures an upgrade in quality.
However, for the wine lover the profitability comes first from the rent which is “paid” in bottles: 12 bottles for each share of €4,000.
Thus, the investor, co-owner of the vineyard, receives each year bottles from “his château.” And seeing his name written on a bottle of Lalande de Pomerol is, of course, a pleasure. And this is not a detail because by investing in a vineyard the enthusiast fully contributes to the birth of his wine.
Here, meetings are organized at the Château and create very rich connections with the winegrowers. On the one hand, the big gathering for the harvest with a festive and friendly atmosphere. On the other hand, more intimate visits throughout the season make for authentic moments of sharing where one really discovers the winegrower’s profession.
And to enjoy these moments in the vineyard even more, the Château des Capucins opens its doors to you with 4 guest rooms in the “new house.” With a first night offered to all associates.
What is exceptional and makes all the appeal of the GFV des Capucins is that the distribution of the shares is done directly with the winegrowers. The absence of an intermediary is an obvious financial advantage: vineyard distributed at cost price, no entry fees, no management fees. But above all, it contributes to the strong and warm bond between the operator and its owners.
Last point, but not the least, the wines of Château des Capucins are excellent !
They benefit from the terroir of Lalande de Pomerol and from a high-performing team !
One of the wayside crosses of Lalande de Pomerol
This Wayside Cross is a reminder of the role played by religious orders in the history of the vineyard. Among them were the Capuchin Friars Minor, a Franciscan order founded in the 16th century.
The Lalande de Pomerol appellation has all the advantages for the investor and for the enthusiast
Lalande de Pomerol is an appellation located on the right bank of the Dordogne, just north of Pomerol. Its terroir is composed of varied soils: gravel, deep clays, and sands, offering great complexity to the wines. The dominant grape variety is Merlot, often blended with Cabernet Franc, producing round, supple, and generous wines. These reds express aromas of ripe fruit, sometimes enhanced with spicy and truffle notes as they age. Accessible when young, they can also offer good aging potential depending on the vintages and estates.
Lalande de Pomerol is a renowned appellation that benefits from strong international demand for Grands Crus. Thus, between 1995 and 2025, despite the recent crisis, the average price of the vines increased by 100%, while overall prices rose by only 60%. If we look at prices over a shorter period, from 2015 to 2025, the trend is the same.
The capital gain potential of the vineyard land in Lalande de Pomerol is driven upwards by 4 factors:
- A beautiful terroir of gravelly sands on clay with iron deposits, ideal for producing elegant wines with silky tannins and excellent aging potential. These are wines that perfectly match the evolving tastes of consumers.
- An appellation of only 1,130 ha (which will never expand). And facing it, a growing global demand for “premium” wine.
- Lalande de Pomerol benefits from proximity to Pomerol, an appellation where vines sell on average for €2 million/ha. Beyond the gain in terms of image, one can calculate that the ratio between land values is about x10, while that between the average values of the wines is only x3. Therefore, Lalande de Pomerol is more profitable in terms of income for an investor.
- A vineyard operated only by independent winegrowers, there is no cooperative winery in Lalande de Pomerol, nor in Pomerol!
