The Times

Historic Tuscan estate sold to consortium for up to €400 million … A scion of the Ferragamo luxury goods company is selling a Tuscan estate comprising a historic hamlet, vineyards that produce prized wines and Italy’s only private golf club. Massimo Ferragamo and his wife Chiara bought the estate in 2003. They are to sell their “trophy asset” to a group representing investors from several continents. The specialist website WineNews.it estimated the value of the transaction at up to €400 million, making it one of the most valuable sales ever of agricultural land. “No Russian investors nor the French luxury giant LVMH, who were rumoured to be shopping in the Montalcino area, but a deal that will make history,” the site said. The new owners will take possession of a medieval hamlet once fought over by aristocratic...

https://www.thetimes.co.uk/article/historic-tuscan-estate-sold-to-consortium-for-up-to-400-million-xd9z99j3f