Gina Rinehart has sold a swath of stations including parts of S. Kidman and Co

Gina Rinehart’s Hancock Agriculture has sold out of several cattle stations, but remains on the hunt for more to buy and improve.

Gina Rinehart at one of her cattle stations.

Gina Rinehart’s Hancock Agriculture has sold several cattle stations across Western Australia and South Australia, including parts of the former S. Kidman & Co. portfolio.

Elders, which handled the sale, said Hancock had invested heavily into the properties, and the sale was consistent with their approach of improving and then selling agricultural assets.

In WA, the stations sold by the company are Ruby Plains, Sturt Creek, Aroona, Nerrima and Willeroo, as well as the Phoenix Farm processing facility.

Aroona Station was bought by the DiGiorgio family which has substantial wine and grazing enterprises, primarily in SA’s southeast, including the Coonawarra.

In SA Hancock has sold the Innamincka and Macumba stations.

The purchase price of all of the assets is not being disclosed.

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Ms Rinehart bought Kidman in 2017, in collaboration with Chinese real estate firm Shanghai CRED, paying $386.5m for the family-owned business.

The commitment made at the time, to modernise and improve the properties, had been realised, Elders said in a statement.

“Significant investment was also made to improve the productivity and condition of the stations, including developing and expanding water infrastructure, which better positions the properties to operate during periods of low rainfall, improved employee safety and cattle handling equipment, shading across stock yards and water troughs, which improves animal welfare, and investing in widespread extensive digital UHF systems,’’ Elders said.

“The sale of these stations will assist in providing further capital to focus on purchasing and improving other properties for its agricultural operations.

“Another property in Queensland with water, has already been purchased by Hancock Agriculture and several other opportunities are being actively considered.’’

All of the buyers are established Australian agribusiness operators, Elders said.

Hancock said it would continue to be one of the nation’s largest beef producers.