AUSTRALIA’S largest sheep station has returned to the market after Andrew Forrest’s Fortescue Metals Group walked away from the sale.
The ten,117sq km Rawlinna Station, spanning an space roughly the dimensions of Sydney, is situated at Rawlinna, 400km east of Kalgoorlie within the Goldfields-Esperance area of Western Australia.
In Could final 12 months, Mr Forrest was named as the client of Rawlinna and subsequently introduced plans to evaluate the potential for future inexperienced power and carbon discount tasks, whereas persevering with to run a business flock.
It’s understood the Western Australian authorities failure to grant ministerial approval is the explanation behind Fortescue’s withdrawal.
Jumbuck Pastoral is one in every of Australia’s largest sheep and cattle producers with properties in South Australia, New South Wales, Western Australia and the Northern Territory, together with the 1.25m/ha Wave Hill and Cattle Creek Stations.
The MacLachlan household started rising wool in 1888 at Paratoo Station close to Yunta in South Australia.
In April final 12 months, managing director Jock MacLachlan introduced plans to divest Rawlinna as a part of a succession planning undertaking.
He informed Sheep Central the corporate had no intention to promote some other property, however would proceed to have a look at alternatives to additional develop and diversify the portfolio shifting ahead.
Elders government basic supervisor community Tom Russo mentioned the return of Rawlinna to the market is a uncommon alternative to amass Australia’s largest sheep station throughout a interval of unprecedented development in demand for high quality fibre and protein.
“The station is strategically situated to present entry to each the western and jap markets and is a powerhouse of wool manufacturing, having carried as much as 69,000 sheep in current historical past.”
Mr Russo mentioned the short-term alternative is immense, as Rawlinna has benefited from an excellent season and is presently conservatively stocked.
“Given the strategic benefits and efficiencies that may be achieved by working an enterprise at this scale, gives are anticipated from giant personal and company traders inside Australia and internationally.”
Mr Russo mentioned Jumbuck Pastoral owns a considerable portfolio of sheep and cattle stations throughout Australia and intends to retain and develop that portfolio into the longer term.
“The portfolio of agricultural property acquired by Jumbuck over a few years of sustained funding is extraordinary.”
“Whereas the divestment of Rawlinna constitutes a big sale, within the context of the general portfolio, it’s a refinement to higher align the asset base with Jumbuck’s technique shifting into the longer term,” Mr Russo mentioned.
Rawlinna Station
Within the mid-Fifties, Hugh MacLachlan was travelling from South Australia to Perth on the Indian Pacific when the prepare stopped at a distant siding known as Rawlinna.
He noticed the siding had good high quality underground water and, being a longtime pastoralist, may see the miles and miles of open saltbush, bluebush and grass plains.
What most individuals noticed as they traversed the Nullarbor on the Indian Pacific was not what Mr MacLachlan noticed. He noticed an unlimited clean canvas and the chance to create the nation’s best sheep station.
Mr MacLachlan first positioned a survey peg within the floor in the course of the Nineteen Sixties and thru meticulous planning and substantial funding, Rawlinna Station was established.
It’s now the most important sheep station in Australia, occupying 1,046,323ha and is broadly considered a wonderful instance of planning and land administration.
The property encompasses a famend boundary exclusion fence that spans round 400km.
Rawlinna Station shall be supplied to market by means of a staged expression of curiosity course of
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