Gunn Agri pays $11m for stations

14 Dec, 2015 06:10 AM
Comments
0
 

FARM management company Gunn Agri Partners has purchased three cattle stations in southern Queensland for $11 million.

The Sydney-based Gunn Agri Partners, headed by Macquarie Group's former chief operating officer in Brazil, Alan Hoppe, snapped up 36,000 hectares near Roma in the Maranoa region.

The portfolio comprises Ballaroo with 11,463 hectares, Ekari Park with 13,239 hectares and Fairview with 11,393 hectares.

The transaction caps off a strong year in the southern Queensland cattle property market with deals including Chinese Hailiang Group's purchase of Hollymount Station near St George, BRW Rich Lister Tom Strachan's purchase of Lighthouse Station and Australian Country Choice's purchase of Opal Creek feedlot. The Ballaroo portfolio has a combined carrying capacity of 6000 head of cattle.

CBRE Agribusiness' Chris Holgar and Geoff Warriner, who negotiated the sale on behalf of Ekari Park Pty Ltd, said the portfolio's potential, due to its quality land and soil types and location, was pivotal to the deal.

"Strategically positioned in close proximity to Roma - Australia's cattle capital - this portfolio presented a unique opportunity to acquire a premium rural landholding of scale," Mr Holgar said.

The portfolio has several development and expansion opportunities, including scope to implement a more intensive backgrounding and fattening operation which utilises the property as a cattle depot, potentially as part of a larger, integrated supply chain.

Mr Warriner said the chance to establish a strategic footprint in the red-meat supply chain of such scale in a single transaction was a "key selling factor" drawing significant interest from local, interstate and offshore investors.

While the agents declined to comment on the buyer, sources told The Australian Financial Review, Gunn Agri Partners, whose director is the son of the late pastoralist Sir William Gunn, had made the purchase.

The pioneering Sir William established a range of innovations across marketing, pricing and credit in the cattle, crops and wool industries.

Gunn Agri Partners chief executive Mr Hoppe was unavailable for comment.

AFR

POST A COMMENT


Screen name *
Email address *
Remember me?
Comment *
 
Sorghum and maize can each play a part in providing home-grown feed on dairy farms but farmers need to carefully prepare and follow a plan to obtain the most value from these crops.16 Oct 17 Sorghum and maize can each play a part in providing home-grown feed on dairy farms but farmers need to carefully...
Several new additions to the baled silage marketplace will reduce bale spoilage and the number of decomposing bales that can leak effluent into the soil and water tables close to the ground surface. 
27 Sep 17 Several new additions to the baled silage marketplace will reduce bale spoilage and the number of decomposing bales...
light grey arrow
Dear , Our silage films also can reach 55% stretch, would you like to test ? it's also very
light grey arrow
Aus lucerne export to China. how about Aust. dairy farmers? Them don't need any lucerne.Do they?
light grey arrow
The Seralini study showing long term ingestion of GE corn is dangerous to health. This study was
Dairyfarmers are reminded that chemicals used on farms, including those used to clean and sanitise the plant and milk vats, must be registered with the Australian Pesticides and Veterinary Medicines Authority (APVMA).
20 Sep 17 Dairyfarmers are reminded that chemicals used on farms, including those used to clean and sanitise the plant and...
When Victorian dairyfarmer Lauren Finger's father said he had an idea, little did she know how much of an impact his invention would improve her on-farm productivity and safety.
05 Sep 17 When Victorian dairyfarmer Lauren Finger's father said he had an idea, little did she know how much of an impact his...
Australian farm chemical manufacturer Nufarm has repaired its balance sheet and is now hunting for acquisition opportunities.25 Sep 16 Australian farm chemical manufacturer Nufarm has repaired its balance sheet and is now hunting for acquisition...
Monopoly market may confront cropping sector under mega-merger proposal.22 Sep 16 Monopoly market may confront cropping sector under mega-merger proposal.