Greenham's is offloading a large scale premium beef grazing operation located in the Circular Head region of north-west Tasmania with a price guide of $70m plus.
Located in one of Australia’s most productive livestock regions, ‘Westmore’ currently finishes around 6,500 cattle each year, including a combination of F1 Wagyus, British Bred and Dairy Beef Cattle. Additionally, the property runs a breeding herd of 250 self-replacing cows.
The enterprise, a key supplier to Cape Grim branded beef, carries Greenham’s globally recognised accreditation for the grassfed standard NEVER EVER Beef, as well as the new Greenham Beef Sustainability Standard (GBSS), a voluntary on-farm program that outlines a practical set of key indicators and measures to enhance and showcase sustainable practices.
Greenham Group Managing Director, Peter Greenham, said the property offered an opportunity to secure a proven livestock production asset, with an option to purchase the current herd.
“New owners will step straight into our supply chain, including accreditation, while benefiting from high productivity and a significant natural capital asset base,” Mr Greenham said.
‘Westmore’ features rolling land types with expansive panoramic vistas across the north-west coast of Tasmania. The property is in the Circular Head region of north-west Tasmania, situated 35km from Smithton, 105km from Burnie and 210km from Launceston.
One of the largest contiguous holdings in Tasmania at 3368ha, the property sits on 2,809 ha (83%) of grazing country with the balance of 559ha comprising remnant vegetation.
Currently utilised as a beef cattle grazing operation but conducive to a range of agricultural pursuits including dairy, the property has a carrying capacity of 60,000* Dry Sheep Equivalents (DSE).
The property has undergone development for improved pastures, and subdivided paddocks for cell grazing, fencing, laneways and stock handling facilities, greatly enhancing productivity.
Water is sourced from four active groundwater bores as well as a large catchment dam (100 ML), surface water dams and rainwater tanks. The average annual rainfall of the property is 1,072mm.
Notable infrastructure includes an office, machinery sheds, hay sheds, workshop, licensed gravel pit, cattle yards complex and a further three sets of cattle yards.
LAWD Director Danny Thomas said ‘Westmore’ presented a significant opportunity to buy into a tightly held region where operations of this scale rarely come to market.
“This is one of Australia’s most productive cattle and dairying regions benefiting from highly reliable rainfall and an excellent mixture of land and soil types,” Mr Thomas said.
“We expect the property to attract significant interest from landholders or syndicates seeking expansion opportunities in either beef or dairy production, high net worth individuals or domestic and global investors.”
Accommodation includes a four-bedroom brick homestead, three cottages and workers quarters.
Westmore is being offered to the market by Expression of Interest closing 12pm (AEST) Thursday 13 June 2024.
LAWD Senior Director, Danny Thomas, and LAWD Director, Elizabeth Doyle are handling the sale.
Macquarie Valley gem sells for $30m plus after auction, ending 70-year family legacy
The sale of ‘Bowen Park’ concludes the Miller family’s tenure of more than 70 years. Pic: Supplied.
‘Bowen Park’, a 3,250ha property located at Gin Gin, NSW, was passed in at auction for $29m, but it is understood a local farming family have purchased the property for an undisclosed sum post-auction.
The sale of ‘Bowen Park’ concludes the Miller family’s tenure of more than 70 years. Brothers Anthony, Mark and Stephen listed the property for sale to dissolve a family partnership.
It is understood ‘Bowen Park’ was sold for a figure more than $30m including over 4000ML of water entitlements on tightly held mixed farmland, according to the Weekly Times.
Situated along the Macquarie River, the 3,250ha property is equipped for cotton and cereal cropping as well as grazing with 3.4km of river frontage and further irrigation water entitlements.
With at least 95% of the land considered arable, the sale of ‘Bowen Park’ is a significant event in the local real estate landscape, with few comparable properties being offered in recent years.
Further highlights of the property included flood irrigation over 457ha, primarily used for cotton and wheat rotation with an additional 972 ha of dry land cropping country, with the balance rated to carry up to 330 breeding cows or 6,000 sheep.
A further 80% of the grazing country (1,505 ha) could be farmed and is suitable for irrigated cotton, cereal and oil seed crops.
Farming facilities include 470 tonnes of on-farm grain storage, a large set of steel cattle yards, a five-stand woolshed alongside various hay and machinery sheds.
Accommodation includes a well-maintained original four-bedroom brick homestead, with established gardens and a swimming pool. There are two recently renovated, three-bedroom homes also on the premises.
Chris Meares and Sam Meares of Meares & Associates are handled the sale.
“First of its scale” organic property to be offered within the Coleambally Irrigation Area
The ‘McLarty Road Aggregation’ includes three distinct parcels and is comprised of 13 separate titles. Pic: Supplied.
The large-scale irrigation and farming enterprise, the ‘McLarty Road Aggregation’ located 40km south of Coleambally, NSW, has been listed for sale. The price guide for the aggregation is unavailable. However, based off recent sales in the area expectations of $7,500 - $10,000/ha has been estimated.
The aggregation comprises of 1866ha, of which 1572ha is contiguous. The aggregation includes three distinct parcels and is comprised of 13 separate titles.
It was largely developed for flood irrigation of summer and winter crops, with the soil types a mix of clays and loams with smaller areas of sandy soil.
The majority of titles are organic certified, with the balance farmed consistently with regenerative practises during the vendor’s tenure. A total of 364ha within the aggregation is farmed under a lateral/pivot overhead irrigator installed 2019.
Selling agent Anthony Mannes of Mannes Agencies called the aggregation “the first of its scale to be offered within the Coleambally Irrigation Area”.
The aggregation is suited to a wide range of productive pursuits from permanent plantings or intensive irrigated summer cropping including cotton through to mixed irrigated farming and livestock production.
The vendors have compiled the holding through two tranches of strategic purchases commencing 2015, with the balance of the portfolio, including the cattle herd was purchased by the vendors in 2022.
The latter tranche of purchases included acquiring the core of the renowned Iveragh Angus cattle herd. The vendors have continued breeding and marketing performance registered Angus bulls.
The aggregation under previous ownership to the Dunn and White families (prior to 2014), adopted a mixed farming system incorporating rice, cereals/oilseeds, and pastures.
The aggregation is located within 200km of cotton processing facilities, grain receival sites and major livestock markets, including Wodonga (200km), Wagga Wagga (174km), and Griffith (108km).
Coleambally Irrigation Co-operative Limited (CICL) is a member owned co-operative which supplies irrigation water to its members and customers. Its irrigation delivery is via gravity through open earthen channels. Pic: Supplied.
The aggregation is licensed with 3537 CICL B Class (General Security) Delivery Entitlements which underpin the current owners water strategy and form an integral part of most CICL irrigators’ portfolios.
However, there is potential to remove (through negotiation with and approval from CICL) approximately 7km of CICL supply channel which bisects the main aggregation and replace with more strategically positioned on farm supply infrastructure.
Extensive improvements to the aggregation have included further shedding, grain storage, lateral irrigator, livestock handling, fencing, livestock and domestic water, irrigation water supply, regulation, recycling and drainage.
Accommodation most notably includes a four-bedroom, double brick family homestead with an in-ground pool and further homes for worker accommodation.
The offering provides incoming purchasers further opportunities, including the likelihood of neighbouring properties becoming available in the near to medium term allowing for further expansion of the holding.
The ‘McLarty Road Aggregation’ is being offered for sale by private treaty. Anthony Mannes of Mannes Agencies is handling the sale.
‘Owen Downs’ station has entered the market after 75 years
‘Owen Downs’ station has entered the market after 75 years of ownership under Taylor family. Pic: Supplied.
The 41,530ha ‘Owen Downs’ station has entered the market after 75 years of ownership under Taylor family.
TE & BI Taylor have managed the station since 1981 and are retiring from the industry.
‘Owen Downs’ is in NSW northwestern region, situated 95 km from Wanaaring, and 181 km North White Cliffs.
The property is being offered via expressions of interest, with registrations closing on June 25.
Currently operating as a cattle enterprise, historically the station has carried both sheep and cattle with essential facilities to run both.
‘Owen Downs’ station presents a productive parcel of open plains with productive pastoral country of Whitewood, Beefwood, Mulga and Acacia timber types. The property’s grass types include Mitchell, Flinders, Queensland Blue Grass in addition to native grasses.
Water is secured through five bores and one shared bore, as well as creek systems for catchment to the 13 large earth tanks and numerous watering holes dispersed throughout the station. The property has an average annual rainfall of 237mm.
Operational infrastructure includes three sets of cattle yards and two sets of sheep yards. The property has a four-stand shearing shed with an abundance of shedding.
Accommodation includes a three-bedroom main homestead with additional shearers quarters.
The station has received good summer rains and is currently conservatively stocked as the vendor prepares for settlement. The plant is included with sale, with option to buy 120 cows and calves available to successful purchaser.
The property is being offered via expression of interest closing June 25, 2024. Troy Hartman of Nutrien Harcourts Broken Hill is handling the sale.
Centuria secures 21ha Katunga Fresh Glasshouse
The asset has production capacity for approximately 16,000 tonnes of truss tomatoes per annum. Pic: Supplied.
Australasian real estate fund manager, Centuria Capital Group has further expanded its agriculture portfolio with the acquisition of Katunga Fresh’s 21ha glasshouse facility in Katunga, VIC.
The facility is located within the Goulburn Valley region, 230km north of Melbourne and 45km north of Shepperton VIC.
The transaction increases Centuria’s total agriculture assets under management to $650m with a total glasshouse portfolio of more than 100 hectares.
The asset will be owned by the unlisted, open-ended Centuria Agriculture Fund (CAF or “Fund”). CAF’s portfolio now encompasses five of Australia’s large-scale tomato glasshouse infrastructure facilities.
The off-market sale-and-leaseback transaction was secured on a 20-year triple-net lease. Katunga Fresh is one of Australia’s largest suppliers of tomatoes and it has operated from this site for 20 years, supplying Australia’s major supermarkets with year-round produce
Jason Huljich, Centuria Joint CEO, said, “The Katunga facility is a high-quality precision farming asset, which aligns perfectly with our investment strategies and is backed by a strong tenant covenant. We aim to continue expanding CAF into one of Australia’s largest, sector-specific agriculture funds providing Centuria investors with access to high quality real estate opportunities, which in our view are critical Australian food bowl infrastructure assets.”
Katunga’s lighting technology increases growing hours, produce yield and aids in offsetting the seasonality of production. The asset has production capacity for approximately 16,000 tonnes of truss tomatoes per annum. In addition to glasshouse facilities, the acquisition includes large packing sheds, energy infrastructure, significant bore water licences and substantial onsite water storage capacity.
Katunga Fresh has focused on creating a low-cost, clean energy operation utilising the latest quad gen technology and is investigating additional renewable energy technologies which target lower energy costs as well as providing an improved sustainability outcome.
