In this week's Property Roundup:
$90m plus tipped for giant Goondiwindi grain portfolio
Size: 13,740ha
Location: Goondiwindi, QLD
For sale price: N/A
Laguna Bay, an Australian agricultural fund manager significantly backed by the Washington State Investment Board has listed a five-farm cropping portfolio for sale in southern Queensland.
The “Carpendale Portfolio” an institutional-scale dryland cropping opportunity, grain receival site and transport/logistics fleet, 30km north of Goondiwindi has been listed for sale via Expressions of Interest.
The Weekly Times have reported offers worth more than $90 million are expected for the portfolio.
Located on the northern side of the Macintyre River, the portfolio spans across five holdings, known as “Manus”, “Tingan and Nomby”, “Bendidee”, “Carpendale” and “Mayfair”.
Extensive land class development to dryland cropping with 12,259 ha (89%) of arable land currently producing wheat, barley, canola and sorghum, with the balance comprising grazing and support land.
Notably, the portfolio includes a significant grain receival site with 175,000 tonnes of bunker storage and 6,230 tonnes of elevated silo storage, as well as an extensive transport/logistics fleet
Development has been approved for a 20,000 Standard Cattle Unit (SCU) feedlot on “Nomby”, which is supported by beneficial access to licenced bore water comprising 120ML of Surat Hutton groundwater and 35ML of Gubberamunda groundwater.
Improvements and operational infrastructure include multiple residences and staff accommodation, a weighbridge and associated infrastructure, further grain storage, as well as machinery/storage shedding, workshops, offices, and an airstrip.
Additional scale and operational efficiency is available via adjacent leasehold land which incorporates a further 5,627ha, of which 97% is arable.
Expressions of Interest for the “Carpendale Portfolio” will close Thursday, September 5.
Andrew Jakins from Nutrien Harcourts Goondiwindi alongside LAWD Directors Jaclyn Hope and Danny Thomas are handling the sale.
Murray River irrigation powerhouse listed for EOI
Size: 1,125ha
Location: Deniliquin, NSW
For sale price: N/A
“Smeatonvale” (Laterals) offers a unique opportunity to acquire a highly productive agricultural holding. The property features state-of-the-art irrigation, including two lateral spray irrigators with a capacity of 18ML each, and secure water access via the Murray Irrigation infrastructure.
The larger irrigator is 4.5km long and 1km wide and is guided by GPS technology. Additionally, the properties water infrastructure is further supplemented by a 200ML storage facility.
With 520ha under irrigation and potential for further expansion, “Smeatonvale” is well-suited for a variety of crops and livestock operations.
“Smeatonvale” (laterals) has been offered for sale by Expressions of Interest closing September 27, unless sold prior.
James Sides and Jake Freshwater from Nutrien Harcourts are handling the sale.
Canadians tipped to purchase WA cattle portfolio for $53m
Size: 473,608ha
Location: Derby, WA
Sold price: N/A
A Canadian superannuation fund, AIMCo, is set to expand its footprint in Western Australia's Kimberley region to over three million ha with the proposed acquisition of two historic cattle stations.
The fund plans to purchase the 473,608ha “Yeeda” and “Mt Jowlaenga” stations, located near Derby, as part of what is believed to be a $53m deal, with AIMCo subject to regulatory approvals.
The aggregation of primarily leasehold land has the potential carrying capacity of 22,990 standard cattle units. The walk-in, walk-out sale will include approximately 13,800 head of cattle, based on a partial muster conducted in October last year.
This acquisition includes the “Yeeda Pastoral Company” portfolio, which also features the Kimberley Meat Company, residential properties in Broome and Derby, and conditionally registered Human Induced Regeneration (HIR) carbon project.
The AIMCo acquisition will be subject to final approval by the AIMCo Investment Committee, the Foreign Investment Review Board, the Pastoral Lands Board and the ACCC.
Greg Smith from Elders Real Estate – WA Rural and Metro is handling the marketing of the portfolio.
Award-winning NSW southwest slopes property enters the market
Size: 477 ha
Location: Greenethorpe, NSW
For sale price: N/A
“Homestead View”, a 477ha mixed farming property in the Greenethorpe district of New South Wales, has entered the market after four decades.
Recognised for its conservation farming practices, the vendor, Richard Langley, has spent nearly 40 years enhancing soil health and implementing sustainable practices.
The property has 460ha of arable land used for and prime lamb production an dryland cropping of lucerne based pastures and grazing/grain crops (wheat, triticale, canola and pulses).
Mr Langley planted many trees in the early 1990s, to halt rising water tables and for erosion control, this being the catalyst for winning the ‘NSW Silver Landcare Primary Producers Award’ in 2001.
The property features a fully renovated four-bedroom homestead, extensive farming infrastructure, and secure water resources.
“Homestead View” is available through a Single Stage Expression of Interest closing on September 11, 2024.
LAWD Senior Director, Col Medway and Director, Tim Corcoran are handling the sale.