Ag News

Hassad Australia's Telopea Downs aggregation believed to be sold

  • By: "Prime" Ag News
  • Aug 09, 2018

Hassad Australia's Telopea Downs is tipped to have been sold in the largest single farm transaction in Victorian history.

The 47,677ha Telopea Downs Station at Telopea in western Victoria was set to fetch well over $70 million.

The news broke today with Fairfax Media unaware of the details of the buyer.

Telopea Downs was one of the last properties Hassad Australia purchased in 2012.

Hassad purchased the majority of Telopea Downs for more than $35 million and added other land parcels.

Hassad has been selling farms off in the last year, including Kaladbro to the Brinkworth family and more recently Clover Downs to the Zell family for about $27 million.

Last November Hassad Australia announced the sale of 18,000 hectare in three large aggregations — Raby Station in NSW, and Glendale and Ungarra aggregations in South Australia.

Fifteen family operators will be acquiring individual parcels of land from all three aggregations.

Landmark Harcourts agent Phil Rourke, who sold historic Raby at Warren, confirmed it sold to a consortium of local buyers, who would integrate parts of the 9,782 hectare property into their existing operations.

Hassad Australia also sold a dry land cropping aggregation spanning more than 3,000 hectares in South Australia’s mid-north for $16.2 million.

Located 29 kilometres north-east of Clare, the Glendale Aggregation is suited to growing wheat, barley, canola, lentils and legumes, as well as grazing livestock.