Three institutional grade landholdings have hit the agriculture market with the listing of Prospect Downs in New South Wales’ Golden Triangle, east of Moree.
Widely recognised as one of the premier holdings in the district, the 2,454ha Prospect Downs aggregation consists of three non-contiguous landholdings – including Prospect Downs and Bonnie View (1,168ha), Colaine (681ha) and Roma (605ha) – of which, 2,243ha (91%) is arable.
Prospect Downs has historically been operated as a dryland cropping platform, producing a range of winter and summer crops, including wheat, barley, canola, chickpeas, sorghum linseed and dryland cotton.
The cropping enterprise is supported by numerous operational improvements, including over circa 4,200 tonnes of grain storage, various machinery sheds, workshop and reticulated water systems on each property for spraying.
CBRE Agribusiness agents Col Medway and Richie Inglis have been appointed to sell the aggregation, alongside Moree Real Estate’s Paul Kelly.
Mr Inglis commented that the ability of the aggregation to operate independently or in one line would command keen interest from a range of buyers looking to boost local presence or enter at scale into one of Australia’s premier dryland cropping regions.
“The aggregation’s location, size and range of quality operational improvements, which allow the various properties to be operated independently of one another, will appeal to both family and corporate farming businesses,” Mr Inglis said.
“Interested parties will include dryland cropping operations, focussed on both winter and summer grains and cotton – continuing the current owner’s strong production history.”
The aggregation is underpinned by characteristics of a highly productive broadacre cropping platform – benefiting from scale, operational efficiency via large, regular shaped fields, fertile soils, conducive climate conditions and location.
Mr Medway said that the combination of the aggregation’s favourable characteristics present a quality offering, an ideal add-on for industry participants or the opportunity to enter the industry/region at commercial scale.
The Prospect Downs Aggregation is being offered for sale in one line or as separate assets, with the standing crop available to be included in the sale process, via Expression of Interest closing Thursday, 22 August, at 4.00pm (AEST).
Widely recognised as one of the premier holdings in the district, the 2,454ha Prospect Downs aggregation consists of three non-contiguous landholdings – including Prospect Downs and Bonnie View (1,168ha), Colaine (681ha) and Roma (605ha) – of which, 2,243ha (91%) is arable.
Prospect Downs has historically been operated as a dryland cropping platform, producing a range of winter and summer crops, including wheat, barley, canola, chickpeas, sorghum linseed and dryland cotton.
The cropping enterprise is supported by numerous operational improvements, including over circa 4,200 tonnes of grain storage, various machinery sheds, workshop and reticulated water systems on each property for spraying.
CBRE Agribusiness agents Col Medway and Richie Inglis have been appointed to sell the aggregation, alongside Moree Real Estate’s Paul Kelly.
Mr Inglis commented that the ability of the aggregation to operate independently or in one line would command keen interest from a range of buyers looking to boost local presence or enter at scale into one of Australia’s premier dryland cropping regions.
“The aggregation’s location, size and range of quality operational improvements, which allow the various properties to be operated independently of one another, will appeal to both family and corporate farming businesses,” Mr Inglis said.
“Interested parties will include dryland cropping operations, focussed on both winter and summer grains and cotton – continuing the current owner’s strong production history.”
The aggregation is underpinned by characteristics of a highly productive broadacre cropping platform – benefiting from scale, operational efficiency via large, regular shaped fields, fertile soils, conducive climate conditions and location.
Mr Medway said that the combination of the aggregation’s favourable characteristics present a quality offering, an ideal add-on for industry participants or the opportunity to enter the industry/region at commercial scale.
The Prospect Downs Aggregation is being offered for sale in one line or as separate assets, with the standing crop available to be included in the sale process, via Expression of Interest closing Thursday, 22 August, at 4.00pm (AEST).
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About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2018 revenue). The company has more than 90,000 employees (excluding affiliates) and serves real estate investors and occupiers through more than 480 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2018 revenue). The company has more than 90,000 employees (excluding affiliates) and serves real estate investors and occupiers through more than 480 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.
