Adelaide

Mallee cropping aggregation hits market for first time

The Arkana Cropping Aggregation in Victoria’s northern Mallee region is being offered for sale by the Bridge family.

04 Feb 2020

The Arkana Cropping Aggregation in Victoria’s northern Mallee region is being offered for sale by the Bridge family.

The 4,223ha farmland aggregation in Panitya consists of eight, semi-contiguous landholdings suited to winter crops, including wheat, barley, rye, peas, lentils, lupins and canola.

It was cleared for development in 1965 by the Bridge family, who has owned and operated the farm in the well-regarded cropping district since.

Located on Bridge Road, the property is 11km south-east of Pinnaroo in South Australia.

A total of 3,965ha, or 94%, of the land is arable, with the property underpinned by soil types including red brown loam and sandy loam over clay, accompanied by areas of limestone. 

The aggregation receives an average annual rainfall of 325-350mm and features several improvements, including a family home, four stand shearing shed with adjoining sheep yards and an array of implement sheds and silos. 

The Bridge family has appointed CBRE Agribusiness to offer the Arkana Cropping Aggregation for sale, with Phil Schell and Angus Bills inviting Expressions of Interest by March 12, 2020.

It is available for purchase in one line or as eight individual properties: Arkana North Section One (517.49ha), Arkana North Section Two (517.48ha), Arkana Home (551.11ha), Arkana West (501.83ha), Arkana South (1,357.91ha), South Five Chain Road Section One (259.29ha), South Five Chain Road Section Two (259.18ha) and Bridge Road (258.8ha).

“Arkana has been a family-managed farm for more than 50 years, in a renowned grain-growing region,” Mr Schell said.

“The aggregation offers impressive scale for investors and corporate buyers, and an opportunity for local buyers to purchase excellent cropping land in a tightly-held district.

“It features the characteristics of a highly-productive, broadacre cropping platform, benefiting from scale, operational efficiency, fertile soils, idyllic climate and a desirable location near grain receival sites at Pinnaroo and Murrayville.”

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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 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.

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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.