The 14,400ha Borambil Station, near Condobolin, NSW, has reportedly sold for an undisclosed price to a local farming family.
The Weekly Times reported: “It is understood the Elias family, a local farming family based near Condobolin, has acquired the property, adding Borambil Station to its existing Central West farming interests.”
Borambil Station’s vendor Paraway Pastoral Company is the manager of a portfolio of pastoral and cropping assets owned by Macquarie Asset Management.
When Borambil Station was listed for sale last May it was expected to fetch about $60 million.
It has primarily been used for Merino sheep and lamb production, as well as dryland and irrigated cropping.
LAWD senior directors Col Medway and Danny Thomas handled the sale.
