Sydney

Blue-ribbon farming operation for sale

MH Premium Farms has listed the Glaisnock mixed-farming enterprise for sale, providing an opportunity to secure a prominent landholding within the South West Slopes region of New South Wales.

24 Oct 2018

MH Premium Farms has listed the Glaisnock mixed-farming enterprise for sale, providing an opportunity to secure a prominent landholding within the South West Slopes region of New South Wales. 

The 982ha property is located 26 lineal kilometres from Young and in proximity to Cootamundra, Temora and Harden, in an area that has long been regarded as blue-ribbon mixed-farming land, highly acclaimed for its strong and consistent production performance. 

MH Premium Farms, owned by Sir Michael Hintze, has developed Glaisnock into a first-class mixed-farming enterprise. The current production model focuses on wheat and canola in rotation, while legume pastures support sheep, cattle and fodder enterprises.

Of the total landholding, 947ha (96%) is arable, while the remaining area is comprised of 20ha of grazing land and 16ha of support land. 

CBRE’s Col Medway, Richie Inglis and Ian Robertson have been appointed to negotiate the sale of property, which is situated at 125 Glaisnock Road, Berthong.

Mr Medway noted the property’s location, fertile soil characteristics and existing infrastructure meant it was well suited to a range of cropping enterprises and pastural improvements.

“Situated in a highly acclaimed area where few properties are offered publicly, the Glaisnock landholding is underpinned by fertile soils, fit-for-purpose infrastructure and an efficient property layout,” Mr Medway said.  

“The scale and productive capability of the property will appeal to existing industry participants seeking to expand their operations or those seeking an opportunity to enter either the industry or the district.”

MH Premium Farms’ Chief Executive Officer, Ed Dunn, said; “MHPF have owned Glaisnock for 10-years and it has been a great contributor to our portfolio. Our long-term manager of Glaisnock will be moving closer to Wagga to take up a senior role in our organisation. This has initiated the sale of the property with the funds to be reinvested in other opportunities”.

The property benefits from its location in an area which offers a range markets, services and amenities, including rural supplies and services; primary and secondary schools; healthcare; sales yards; abattoirs; machinery dealerships; engineering and manufacturing services and several grain terminal options.

Glaisnock is being offered for sale via auction on Thursday, November 15 at 11.00am AEDT. The auction will be held at the Federation Motor Inn, 109 Main Street, Young.

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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.

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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.