Darwin, 17 July 2015 –A private buyer has secured a 705,700 hectare footprint in the north Australian beef sector, after purchasing a landholding straddling the Queensland/Northern Territory border.
CBRE Agribusiness in conjunction with Heinemann Rural negotiated the sale of Wollogorang, on behalf of the Zlotkowski family.
With a substantial carrying capacity, the property is ideally located to service both live export and domestic markets in both the Northern Territory and Queensland.
While declining to comment on details of the deal, CBRE’s Geoff Warriner and Lex Heinemann of Heinemann Rural, who negotiated the sale via Private Treaty, said the property represented an outstanding opportunity to gain a strategic position in the red meat supply chain.
“Wollogorang is located within one of the country’s most unique and diverse regions, with favourable land and soil types supporting what is already a successful cattle breeding operation,” Mr Warriner said.
Mr Warriner said that whilst the property is currently operated as a successful cattle breeding operation it was the landholding’s future development potential that activated the purchaser.
“There is scope to expand the current operation, enabling increased pasture utilisation and therefore an increase in carrying capacity,” Mr Warriner explained.
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About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2014 revenue). The Company has more than 52,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 370 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at www.cbre.com.