Telopea Downs Victoria’s Largest Farm Sale A100 Million International Eoi

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Telopea Downs, the largest grazing and cropping property in Victoria, is now up for sale through an international expressions of interest (EOI) process, managed by Colliers. The guide price for the property has not been disclosed by Colliers, but sources estimate that it could potentially sell for over A$100 million ($85.1 million), according to ABC News. Online agricultural marketplace AuctionsPlus has cited the current owner, AJ & PA McBride, valuing the asset at up to A$123 million ($104.7 million). The property, which is located on the border of Victoria and South Australia and spans 11 adjoining properties, was acquired in 2018 by AJ & PA McBride from previous owner Hassad Australia for A$70 million. Hassad Australia, a subsidiary of Qatar’s sovereign wealth fund Hassad Food, had purchased the property in 2012 as part of its strategy to expand its Australian agricultural portfolio for sheep breeding. Encompassing 47,660 hectares of grazing and cropping land, Telopea Downs boasts impressive irrigation development and a strong track record of land and pasture improvement. Colliers’ national director of agribusiness transaction services, Jesse Manuel, highlights that over 27,000 hectares have been clay-improved and the property has undergone fencing and water infrastructure upgrades. This has led to a significant enhancement in the property’s carrying capacity. At present, Telopea Downs supports around 85,000 Merino and crossbred sheep and 1,100 cattle, with the potential to increase this number to over 100,000 dry sheep equivalents (DSE). The property also holds 2,325 megalitres of water entitlements for irrigation, which supports the production of fodder, seeds and horticulture, as well as livestock operations. With access to high-quality groundwater, Telopea Downs is ideal for a range of large-scale farming operations, from breeding to backgrounding. Colliers’ national director for agribusiness transaction services, Tim Altschwager, highlights that the property’s temperate climate, moderate rainfall and irrigation potential make it a valuable asset for a variety of supply chain operations. The EOI for Telopea Downs will close at 12pm (Australian Eastern Daylight Time or AEDT) on November 21.