Cadman Capital Group acquires Lake Street Vineyard
Award-winning Sussex vineyard latest addition to firm’s growing beverage portfolio
Cadman Capital Group, a multinational alternative investment firm, has successfully acquired the award-winning Lake Street vineyard. The acquisition was brokered by Savills, whilst Howes Percival managed the litigation of the deal.
Formally owned by Fox & Fox, Lake Street is situated on the Sussex High Weald, close to the historic village of Mayfield. Planted to classic Traditional Method grape varieties, Lake Street will continue to produce the finest English Sparkling Wine under its new ownership but will also extend its offering through the production of world class still wine in limited quantities.
The newly-acquired vineyard forms a core part of the Cadman Capital Group’s long-term strategy to participate within the English beverage market. The Lake Street acquisition is the first completed through Highweald Beverages, a portfolio company of the Cadman Capital Group.
Highweald Beverages intends to scale up production at the site to 300,000L per year and has plans to extend the winery and build a visitor’s centre.
“We’re extremely excited to welcome the Lake Street vineyard to our portfolio. Developing our market share within this rapidly-growing industry is of great importance as we operate at the forefront of the English beverage market. We are currently in the process of creating extensive plans to increase the output of the vineyard, making it a very exciting time for the business the growth of Highweald Beverages” said Robin Langton, General Manager of Highweald Beverages.
“The purchase of Lake Street supports our ongoing strategy to become a prominent, mid-market beverage company with strong and recognisable brands. The acquisition of Lake Street forms one component of a larger strategy as we continue to look for new sites and locations to meet our overall aspiration of 1,000,000L production capacity annually by the end of year 5” added Stephen Bayliss, Investment Director of the Cadman Capital Group.