The 10,034sq km Walhallow cattle station aggregation, which is owned by billionaire Brett Blundy, is for sale again after a recent deal fell over.
Last month the Australian Financial Review reported the Northern Territory property Walhallow cattle station had sold for close to $250million, which would have made it a record for a single cattle station deal. The aggregation is more than one million hectares or almost 20 times the size of Sydney Harbour.
AuctionsPlus contacted selling agents Colliers Agribusiness at the time but they would not comment while the property was under offer.
Australian billionaire businessman Brett Blundy bought the two properties, Walhallow and Cresswell Downs in 2015 along with pastoralists Adrian and Emma Brown. Mr Blundy is reportedly worth $3.25billion according to the 2022 Financial Review Rich List.
It’s been previously reported when the property was first listed they would only consider offers over $200 million.
This week the property was re-listed.
Selling agent Rawdon Briggs said the Walhallow aggregation is now being re-offered to the market after the original buyer failed to settle under the contract terms.
“All underbidders are now active in the data room and we welcome any wider market interest seeking a scalable well-developed Beef Property,”
Current owner Brett Blundy expressed his disappointment after the deal fell through.
“It’s always disappointing when a transaction falls over but the original buyer couldn’t perform so we move on. This is a very attractive asset which continues to generate strong buyer interest,” he said.
Mr Briggs said the property is being sold on a walk-in-walk-out basis including in excess of 61,000 head of cattle.
Transaction agents Colliers Agribusiness are marketing the property via an International Expression of Interest process with final bidding due in October 2022.
Colliers Agribusiness Rawdon Briggs, Jesse Manual, Leah Freney and James Beer are all working to close this landmark offering before the start of the 2022 wet season.
Colliers Agribusiness said the 8th August 2022 Australian Financial Review story was incorrect as settlement had not been completed.