Five separate Queensland-based buyers have splashed out over $100 million combined for the THF cattle and irrigated fodder portfolio in the Fitzroy Basin.

Spanning 21,900 hectares west of Rockhampton, include the 9,212 hectare Lucie Station at Bluff, as well as Mostowie (3,859 hectares), Karamea (3,744 hectares), Bindaree (3,168 hectares) and the 1,917 hectare The Pocket.

The latter went to ASX-listed Rural Funds Management (RFM) for $13.8 million. It owns the neighbouring Comanche backgrounding and breeding cattle property, to which it has started planting macadamias.

The five have more than 35 kilometres of frontages to the Dawson and Fitzroy Rivers frontages. They have been operating as a beef cattle enterprise with about 7,500 adult equivalents.

Cattle was available by negotiation and the portfolio includes 6,614 megalitres of water allocations.

Government works raising the crest height of nearby Rookwood Weir are due for completion in 2023 and will increase water security.

The portfolio was put the market by German family office THF Finance Pty Ltd, which paid $35 million for the portfolio in 2010.

They invested heavily into water infrastructure and development. Centre pivots are used to irrigate leucaena and hay under-sown with improved pastures. across all the

A pasture improvement program conducted across all properties includes blade ploughing, regrowth spraying and aerial seeding with buffel.

Sydney-based Oxley Capital Partners managed the expressions of interest process, with the properties offered together or in one line.