Cattle stations Wollogorang and Wentworth sell for $53 million

Iconic cattle stations owned by one of Australia’s largest landholders have reportedly sold for a whopping $53 million. See which family purchased the stations and what else they own.

Wide sweep: Wollogorang Station, which forms a 705,128ha aggregation with Wentworth Station.

THE iconic Northern Territory cattle stations, Wollogorang and Wentworth, have reportedly sold for $53 million to McMillan Pastoral Company.

The stations, which were listed for sale in August last year and are located in the Gulf of Carpentaria, were sold by Chinese billionaire Xingfa Ma – who owns the China-based ball bearing manufacturing company Tianma Bearing Group.

The sale was reportedly settled on Tuesday.

The Weekly Times reported at the beginning of March that the stations were under offer.

Wollogorang and Wenthworth are a combined 705,198ha and were purchased by Mr Ma in 2015 for $47 million through his company’s Australian arm, TBG Agri Holdings.

McMillan Pastoral Company also owns Calvert Hills, at Borroloola in the NT, which they purchased in 2015 for $15 million.

Wollogorang and Wentworth, which border the Northern Territory and Queensland, have 80km of coastline and were being sold on a walk-in walkout basis with 30,000 cattle.

The sprawling stations represents more than half of Mr Ma’s estimated 1.35 million ha Australian landholdings.

TBG Agi Holdings also owns:

• Balfour Downs, Roy Hill WA

639,500 hectares and purchased in 2014 for $18 million.

• Emu Downs Station, Cervantes WA

8000 hectares.

• Ferngrove Wine Group, Great Southern WA

• Wandanya Station, Roy Hill WA

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