(TheDrinksBusiness) - Louis Roederer has sold one of its Bordeaux properties, Château Bernadotte, to the Hong Kong-based King Power Group. The sale of the 40-hectare Crus Bourgeois estate was announced today (6 December). The estate was purchased by Louis Roederer along with Pichon Longueville Comtesse de Lalande in 2007. The King Power Group is a major operator in six core industries including food & beverages, property investment and leasing, sports, leisure and health services, brand development and retail services. King Power also recently acquired retail network Agatha, bringing a vast portfolio of luxury brands into its control, including Dom Pérignon, Lafite, Courvoisier and Hennessy.