A domestic farm management company has secured more than 36,000 hectares in the Maranoa region – home to the largest cattle selling centre in Australia - for in excess of AU$11 million.
The portfolio comprises three expansive agricultural properties - Ballaroo (11,463 hectares); Ekari Park (13,239 hectares); and Fairview (11,393 hectares) – offering a premium opportunity to secure a presence in Queensland’s sought after agribusiness sector.
Located within 100 radial kilometres of Roma, the portfolio benefits from an established cattle operation, with a combined carrying capacity of approximately 6,000 Adult Equivalents
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 explained.
“Leveraging off its attractive location, the opportunity to establish a strategic footprint in the red meat supply chain of such scale in a single transaction, was a key selling factor that drew significant interest from local, interstate and offshore investors.”
The portfolio offers a number of development and expansion opportunities, including scope to implement a more intensive backgrounding and fattening grazing model, which utilises the property as a cattle depot, potentially as part of a larger, integrated supply chain.
Ballaroo, Ekari Park and Fairview are positioned between the Queensland regional centre of Roma and the rural townships of Surat and Mitchell.