THE GLOBE AND MAIL - Apr 29 - Markus Frind sold POF for $575M in 2015 and is now establishing his Frind Estate Winery in the Okanagan region. With famed winemaker Eric von Krosigk – co-founder of Summerhill Estate Winery and winner of 300 wine medals – overseeing the operation, the business is set to bottle its first product in May. It will start selling in June at its production facility, located on the 13-acre West Kelowna lakeside estate once owned by former premiers W.A.C. Bennett and son Bill Bennett that Mr. Frind purchased for $7.2M in 2017. B.C. has 280 wineries and the provincial industry is dominated by three giants: VMF Estates, Arterra Wines Canada, and publicly traded Andrew Peller. But Mr. Frind maintains his business "will be a serious winery, one of the biggest in B.C." Central to Mr. Frind's plan is turning 300 acres of hilly grazing land in Kelowna into terrain suitable for vineyards. With no water on site and no opportunity under provincial law to subdivide for development, the land sat on the market for years before he bought it for $3.7M in Sep, 2017.
by Sean Silcoff
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