Archive for category: Misc

Telopea Downs, the biggest grazing and cropping property in Victoria, has been put up for sale through an international expressions of interest (EOI) process by Colliers, the real estate company handling the sale.

The guide price for the property has not been disclosed by Colliers. However, ABC News reports that industry sources expect the property to sell for over A$100 million ($85.1 million). According to AuctionsPlus, an online agricultural marketplace, the current owner AJ & PA McBride’s accounts value the asset at up to A$123 million ($104.7 million).

Located on the border of Victoria and South Australia, between Kaniva and Bordertown, Telopea Downs comprises 11 adjoining properties, with 10 in Victoria and one extending into South Australia. It covers a vast 47,660 hectares of grazing and cropping land.

The current owner, AJ & PA McBride, is a sixth-generation woolgrower who acquired the property in 2018 from Hassad Australia for over A$70 million. Hassad Australia, a subsidiary of Qatar’s sovereign wealth fund Hassad Food, had bought the asset in 2012 as part of its strategy to expand its Australian agricultural portfolio for sheep breeding.

The property boasts of irrigation development and a strong record of land and pasture improvement. According to Jesse Manuel, national director of agribusiness transaction services at Colliers, over 27,000 hectares have been clay-improved, and fencing and water infrastructure have been upgraded. Ongoing renovations continue to enhance the property’s carrying capacity.

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Presently, Telopea Downs supports around 85,000 Merino and crossbred sheep and 1,100 cattle. However, with a long-term carrying capacity exceeding 100,000 dry sheep equivalents (DSE), the property has the potential to support more livestock. It also holds 2,325 megalitres of water entitlements for irrigation, which can support the production of fodder, seed, and horticulture, as well as livestock operations. The property benefits from high-quality, easily accessible groundwater, which allows for a diverse range of large-scale farming enterprises.

Tim Altschwager, Colliers’ national director for agribusiness transaction services, says that with its temperate climate, moderate rainfall, and irrigation potential, the property would add tremendous value to a range of supply chain operations, such as breeding and backgrounding.

The EOI for Telopea Downs will close at 12pm (Australian Eastern Daylight Time or AEDT) on November 21.