The Coonawarra Premium Vineyards Project provided an opportunity to invest in a quality, large scale vineyard development in the prized Coonawarra wine grape growing region. The Project is the largest vineyard development to be undertaken in the history of Coonawarra in a single year.

The Project is 243 hectares consisting of 2,800 'stapled' units, each 0.08 hectares. The units were subscribed by  investors pursuant to a Prospectus, which closed fully subscribed in June 2000. Each 'stapled' unit comprises a Growers Unit and a Trust Unit, with the Trust Unit providing land ownership to the Investor.

Project 1 received an Australian Taxation Office (ATO) Product Ruling (PR 1999/61) and was registered by the Australian Securities and Investments Commission (ASIC) under the Managed Investments Act.

The vineyard is located approximately seven kilometres north west of the Coonawarra township and approximately seventeen kilometres north west of the town of Penola. The site is located within the interim boundaries of the Coonawarra GIC and falls within the Limestone Coast zone.

The varieties of grapes planted in 1999/2000 were cabernet sauvignon, merlot, shiraz, petit verdot, chardonnay and sauvignon blanc and semillon.

In the November 2002 meetings of Growers and Unitholders; it was voted to unstaple the trust units and Grower units in order to list the trust on the ASX. The trust was duly listed in May 2003.