
Rioja wine group Barón de Ley has snapped up 300 hectares (741 acres) of land in the Ribera del Duero area of northern Spain.
The company is investing €30m ($34m) in the project, which is spread across the price of the land, the planting of grapes and the construction of a winery.
Rioja wine group Barón de Ley has snapped up 300 hectares (741 acres) of land in the Ribera del Duero area of northern Spain.