CBRE Agribusiness has been appointed to market one of Australia’s largest irrigated and dryland cropping enterprises, Kia Ora.
The property in Queensland’s south-west region, just five lineal kilometres from St George, spans 18,783 hectares. It includes approximately 8,898 hectares of highly developed flood irrigation and 902 hectares of dryland cultivation.
Kia Ora typically carries out a combination of irrigated and dryland cotton production and non-irrigated cropping including wheat, sorghum and chickpeas. Other activities include the grazing of cattle on an opportunity basis, with the potential for development of a further 3,525 hectares of arable land.
CBRE’s Danny Thomas, who is steering the campaign with Duncan McCulloch, said: “The standard of development and operational performance of Kia Ora is exceptional, and its listing provides buyers with an unparalleled opportunity to acquire a large-scale enterprise on a ‘walk in, walk out’ basis.”
“The current owners have continually invested in the property’s operational infrastructure and technological developments to enhance on-farm productivity. Incoming purchasers can therefore be assured they are being offered a highly-developed, world class asset,” Mr Thomas added.
Kia Ora is further benefited by significant on-farm water storage capacity of 66,359 megalitres, underpinned by an ongoing water efficiency program and productivity enhancements.
Kia Ora is for sale via Expression of Interest closing April 12, 2018, at 4pm. It is available on a ‘Walk In, Walk Out’ basis inclusive of land, structures, water allocations, planted crops, and equipment.
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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 (based on 2017 revenue). The company has more than 80,000 employees (excluding affiliates), and serves real estate investors and occupiers through more than 450 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.