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Ag News

Gundaline Station sale confirmed

  • By: "Prime" Ag News
  • Apr 17, 2018

On behalf of the consortium of vendors and manager, Kidder Williams and CBRE Agribusiness are pleased to announce that Contracts of Sale have exchanged for Gundaline at Carrathool in NSW.

Gundaline Station is one of the Murrumbidgee Valley’s largest cotton growing properties. It comprises close to 15,000 hectares (of which around 6,000 hectares is developed to row crop irrigation), 16,000 megalitres of groundwater and around 17,000 megalitres of on-farm water storage.

The transaction remains subject to Foreign Investment Review Board Approval.
 
The sale price and purchaser remain confidential, and a further announcement will be made when the transaction has been completed.  

“While confidential at this stage, the agreed price represents an excellent result for the vendor and builds on the significant upward shift in groundwater and irrigated land values in the Murrumbidgee Valley,” CBRE’s Danny Thomas said.