Four cattle stations owned by SAWA Pastoral sold for $100M in recording breaking Kimberley sale
Written on the 21 November 2016Four cattle stations in the Kimberley region of Western Australia have officially sold for $100 million in what is understood to be a record price tag for the region's cattle industry.
The aggregation of stations owned by the SAWA Pastoral Company have been sold to an investment group called Consolidated Australian Pastoral Holdings (CAPH).Sue Brosnan from Tanami Rural Property said the record deal settled this week after months of negotiations.
"CAPH is a partly foreign-owned company so it was subject to FIRB approval, it's no secret there's a Chinese interest in it," she said."So they've gone through all of their regulatory approvals and I think they're investing in one of the better land assets in the Kimberley."
The four stations now owned by CAPH stretch from Halls Creek to south of Broome, and total just over a million hectares in size.
The properties are Moola Bulla (402,000ha), Mount Amhurst (258,000ha), Beefwood Park (205,000ha) and Shamrock Station (178,000), with a total herd of around 47,000 head.
Ms Brosnan said it was a significant sale for the northern cattle industry.
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Source: ABC Rural
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