Sydney

26,000ha agri footprint in NSW's Golden Triangle hits the market

One of Australia’s largest integrated beef and cropping businesses, spanning nearly 26,000ha in NSW’s coveted ‘Golden Triangle’ region, is being offered to the market for sale.

03 Oct 2018

One of Australia’s largest integrated beef and cropping businesses, spanning nearly 26,000ha in NSW’s coveted ‘Golden Triangle’ region, is being offered to the market for sale. 

CBRE Agribusiness has been appointed to sell the northern NSW aggregation, comprising a large scale integrated business producing more than 100,000 MSA graded cattle and 40,000 tonnes of grain on a yearly cycle. 

Located in NSW’s north-west, the aggregation has been strategically developed over the past 18 years, with substantial investment in land, infrastructure and people resulting in exponential growth and development of a leading agribusiness with significant economies of scale and efficiencies. 

The business recently received certification and trade mark for its unique cattle finishing model, ‘Certified Free Range Grain & Grass Fed’, which has underpinned its award-winning beef brands. 

CBRE’s Richard Royle and Col Medway are seeking a buyer via an open market International Expression of Interest campaign closing October 31. 

Mr Royle said the opportunity to secure a successful enterprise with both scale and diversity had already generated significant investment interest. 

“The quality and diversity of prospective buyers inspecting the business has been exceptional given the widespread drought affecting New South Wales and Queensland this year. To date, inspections have been conducted by a wide variety of buyers, including Australian and international corporates, Australian family offices, private capital advisors, private equity managers, cropping businesses and beef industry participants,” Mr Royle said. 

“The volume of finished cattle the system can process, combined with its in-house transport fleet, is unique and certainly in a class of its own.” 

The aggregation has a current cattle capacity of 30,000 head of cattle, with an annual turnoff capacity in excess of 140,000 and further expansion capabilities. The cattle are accommodated in the licensed 7,000 SCU feedlot (DA approval for an expansion to 20,000 SCU) with the remainder in paddocks under the grain and grass fed system. 

The dry land cropping ranges from flat Moree plains to rolling hillside at Croppa Creek/Warialda. The business also operates its own fleet of modern livestock and bulk trucks, ensuring the prompt delivery of cattle to processors and customers. 

Structural improvements and infrastructure include quality plant and machinery, grain storage facilities, reticulated water troughs, fencing, cattle yards, storage facilities and accommodation. It also includes a long-standing management team and support team of mechanics and maintenance staff. 
International Expressions of Interest close Wednesday, October 31 at 5pm (AEST). 
 
For Australian/international news or global stories, follow us on Twitter: @cbreaustralia

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 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.

Disclaimer:

Neither CBRE nor its affiliated companies make any warranties or claims on the implied accuracy of the information contained herein.

About CBRE Group, Inc.
CBRE Group, Inc. (NYSE: CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2021 revenue). The company has more than 105,000 employees (excluding Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of 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 https://www.cbre.com.