Murdoch son-in-law buys cattle station with carbon potential
Rupert Murdoch’s son-in-law and former News Corp executive Alasdair MacLeod has emerged as the buyer Paradise Creek Station in Inverell, intending to take advantage of its carbon sequestration potential ... MacLeod’s Wilmot Cattle Company breeds beef cattle while also sequestering carbon in the soil at its properties. It sold $500,000 in soil carbon credits to Microsoft last year.
French-backed group midas touch for Golden Plains
TagEnergy has signed on as an equity investor to the $3 billion Golden Plains Wind Farm project, which is set to become biggest wind farm in the country and the hemisphere. TagEnergy has signed on as an equity investor to the $3 billion Golden Plains Wind Farm project, which is set to become biggest wind farm in the country and the hemisphere. Set to be located on a 16,000-hectare site in Rokewood, 133km west of Melbourne and around 66km outside of Geelong, the project will be built over two stages and will include a 1,300MW windfarm, with 217 turbines and a 300MW big battery.
Liquidator brings Albury pub offering to thirsty market
The freehold of the five-storey heritage-listed New Albury Hotel has been offered for sale with a long-term lease to Australia’s second-largest pub operator, Australian Venue Co, is the latest border town venue to hit the market.
Agricultural sector buoyed by strong tailwinds
According to the Q4 Rabobank Rural Confidence Survey, Australian farmers are still optimistic, if slightly moderated from the previous almost record breaking rates in the previous period ... With many crops damaged or destroyed in these regions, grain yields and resulting incomes across the grain sector are likely to be heavily reduced from what was expected to be one of the most significant winter harvests ever recorded.
Three million hectares land opens to carbon farming
More than three million hectares of unallocated Crown land in Western Australia will be released for carbon farming opportunities, to help the state reach its 2050 net zero target. With the price of Australian Carbon Credit Units (ACCUs) expected to increase significantly by 2030, areas of WA's crown land estate are highly sought after for carbon farming initiatives.
Rinehart offloads cattle stations for $60m plus
Billionaire Gina Rinehart is nearing the end of a $300 million sell-down of cattle properties across northern Australia, after selling the Willeroo and Aroona stations for over $60 million.
Crops yield strong farmland returns
Australian farmland returns continued to outperform, coming in at 12.72% in the 12 months to the end of September, boosted by very strong annual crop farmland numbers. According to the latest quarterly Australian Farmland Index compiled by the Asian Association for Investors in Non-Listed Real Estate Vehicles, income contributed 6.06% and appreciation return 6.38% to the result.
Farmers buy Western District net zero aggregation from US giant
US-backed agricultural investment firm Laguna Bay is selling the Woorndoo Aggregation broadacre cropping portfolio in Victoria’s Western District for about $70 million to two local farming families. It marks the next step in Laguna Bay’s selldown of its Australian assets, arriving one year after it offloaded Banongill Station, also in the Western District, for $80 million to a consortium of local farming families.
Forrest snaps up Australia’s best boutique hotel
Mining billionaire Andrew “Twiggy” Forrest and his wife Nicola have expanded their lifestyle portfolio, with the Margaret River’s Cape Lodge Hotel the latest acquisition for their investment firm Tattarang.
Buyers expand with Yanna Station
The 21,124-hectare Yanna Station in south western Queensland has sold for $7.31 million to Michael and Tracey Flynn from Valera Vale, who are expanding their operations. The buyers run a core stud herd of 1,200 Droughtmasters on properties at Milbong, Munbilla and Mt Mort, and between 3,000 and 4,000 stud and commercial Droughtmasters at Valera Vale.
