How it works ?
Canovia has been involved for more than 10 years in the structuring of Groupements Fonciers Viticoles (Wine-producing land grouping), a real tool to rebuild the link between the land, the producer and the consumer.
We work with LAMS (Laboratory of Microbiological Analysis of Soils), the SAFER and the local producers' unions to build a sustainable balance between the land, the GFV partners and the wines produced.
In setting up the group, Canovia's aim is to create a subtle balance between owning a rare piece of land and the privileged link with the people who shape it, interpret the climates, and make and age the wines.
This is why the GFV by Canovia are constituted in the form of a civil company, marked by a strong intuitu personae, i.e. the partner is approved in consideration of his values.
- Long-term preservation of life
Canovia relies on the report of the Laboratoire d'Analyse Microbiologique des Sols (LAMS i.e Soil Microbiological Analysis Laboratory) and acts under the control of the Société d'Aménagement Foncier et d'Établissement Rural (SAFER i.e Land Development and Rural Establishment Company), under the supervision of the Ministry of Agriculture and Finance. In this way, the GFV by Canovia is in line with the logic of long-term preservation of living organisms in order to ensure a sustainable and quality operation.
- The choice of the winegrower for his skills and values
Since a GFV is structured for a minimum of 25 years, it is important that all GFV stakeholders have the same vision of things. This is why, for Canovia, any subscription by the partners must be motivated by the desire to support a wine estate in order to experience a human adventure between the terroir and the winegrower. Each estate is carefully selected by Canovia, taking into account the way of working and the seriousness of each winemaker.
- A common passion between partners and winegrower
Our GFVs allow individuals or legal entities to take part in an experience that supports a wine estate, preserves the ownership of the terroir in France and shares its passion for wine. Without ignoring them, this philosophy must take precedence over commonly accepted concepts such as financial return, capital gain or tax advantage.
Canovia takes care of the structuring of the GFV. We negotiate the vineyard eligible for the project, discuss with the future winegrower, have the quality of the living material studied by an analysis laboratory, and ensure the legal (subscription documents, statutes, etc.) and financial (financing plan) deployment.
The WMC partners
Canovia relies on a network of WMC (Wealth Management Consultant) partners recognized by the Financial Markets Authority. These advisors are responsible for meeting with those interested in the GFV project and informing them about the various technical elements of the operation, by assessing the suitability of the subscription to their personal situation. If the interested party so wishes, and after having been informed of the project as a whole, the WMC can offer to subscribe and accompany him/her through the process.
The WMC is in charge of accompanying its client in the completion of the subscription file and funds transfer, received on an escrow account until the constitution of the GFV.
Once the subscription files and all the funds have been received, Canovia organizes the constitution of the GFV in the presence of the winegrower, the manager and the notary. Each subscriber then receives a copy of the Kbis extract and a ownership certificate in his or her name, mentioning the number of shares subscribed.
Once the GFV is constituted, the parcel is acquired by the GFV with the funds of the subscribers.
The GFV, owner of the vineyard, gives it to the winegrower on a long-term lease, so that he can work and exploit it. At the end of the lease period (usually a minimum of 25 years), the lease may be automatically renewed from year to year, depending on the decision of the partners, or the vineyard may be sold to a third party or directly to the winegrower.
The winegrower seriously exploits the GFV vineyard throughout the year, for the entire duration of the lease.The exploitation by the winegrower allows each year, during the harvest, to reserve a part of the production to the subscribers so that they receive their endowment.
Each year, and for the lease duration, the associate receives wine bottles from the plot. The number of bottles received depends on the number of shares held by an associate. The first endowment arrives about two years after the GFV constitution, time corresponding to the realization of the first grape harvest, and of the wine making period.
Our privileged partners
They trust us and distribute our GFV. These partners are all approved by the Financial Markets Authority and are registered with the ORIAS (Organization for the unique register of insurance, banking and finance intermediaries). They study in depth your project of subscription to our GFV by estimating its opportunity.