Clark and Tait sale details emerge including Mantuan Downs

The details surrounding the sale of Clark and Tait’s seven Queensland grazing properties have emerged, including who bought which farm for what price.

THE details surrounding the sale of Clark and Tait’s seven Queensland grazing properties have emerged.

Multi-family partnership Clark and Tait has sold at least five of its seven Queensland properties which hit the market in August last year.

This includes its Mantuan Downs property at Springsure which has sold for a whopping $92 million on a walk in, walk out basis to the North Australian Pastoral Company.

The sale of the 135,000ha breeding and cattle fattening property included almost 12,000 cattle.

Mantuan Downs boasts 82 paddocks, including holding yards, six main cattle yards, 32.8km of dedicated laneways and six holding yards.

NAPCO’s website says it plans to “grow cattle received from NAPCO breeder properties and prepare them for entry into Wainui Feedlot”.

The company manages a herd of over 200,000 cattle across six million ha of land across Queensland and Northern Territory.

Clark and Tait was founded by Peter Tait and James Clark in the early 1900s and is thought to be one of the oldest remaining multi-family grazing partnerships in the country.

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The details surrounding the sales of its other properties are reportedly:

Barcaldine Downs (46,735ha) – purchased by Rob McGavin for $21 million including 15,700 sheep and 700 cattle

Hobartville (55,800ha) – purchased by Michael and Kylie McTaggart for $13.5 million

Boongoondoo (48,408ha) – purchased by a Taroom buyer for $12.5 million

Bimergah (68,370ha) – purchased by Gordon Welsh