Wealthy Australian families and high-powered business executives including renewable energy boss Andrew Doman have swooped on $120 million of trophy farms as confidence returns to the agricultural sector.
Leading the charge, Southern Pastoral – majority owned by Melbourne investors Simon McKeown and Bill Craig – has acquired 1900-hectare wool aggregation Avington near Kyneton in Victoria’s Macedon Ranges for about $35 million. The sale included most of Avington’s 16,000 Merino sheep flock. CBRE’s Shane McIntyre and Matt Childs brokered the sale.
Loading...
correction —
This article misidentified the owner of Southern Pastoral. It is Melbourne investor Simon McKeown, not National Australia Bank director Simon McKeon.
Larry Schlesinger writes on real estate, specialising in commercial and residential property. Larry is based in our Melbourne newsroom. Connect with Larry on Twitter. Email Larry at larry.schlesinger@afr.com
