Parwan Park sold to neighbouring Bacchus Marsh property owners

A prime parcel of agricultural land where bulls are bred has been sold for a huge price. See how much it fetched — and what’s in store.

Agricultural genetics veterans John Peach and David Wishart with farm manager Brendon Vallance at the 50th anniversary of Genetics Australia's 'Parwan Park' at Bacchus Marsh back in 2008.

A property at Bacchus Marsh that has been the cornerstone of Australia’s artificial breeding industry for more than 60 years has been sold.

Genetics Australia today confirmed it had sold Parwan Park to neighbouring business Boratto Farms for $3 million.

Boratto Farms plan to use the Parwan Park property to expand their vegetable production.

Earlier this year, Genetics Australia purchased of Total Livestock Genetics (TLG) and announced plans to relocate its bull management, semen management and collection to the former TLG site near Camperdown.

Genetics Australia chief executive Anthony Shelly said the sale of the property known locally as the ‘bull farm’ was part of GA’s acquisition of TLG and long-term plans for consolidation in the Camperdown region.

“We’re very happy with the sale as it allows our plans to continue as the money will be used to invest in TLG,” Mr Shelly said.

Genetics Australia will continue to have a presence on the Bacchus Marsh site.

“The other positive is that we have been offered at least a two-year lease to retain access to the office complex,” Mr Shelly said.

In 2014, Boratto Farms acquired 60ha of river flats that were part of the original Parwan Park farm and GA sold Parwan Park South in 2017.

“This was Genetics Australia’s last landholding in the Bacchus Marsh area,” Mr Shelly said. “Since the land was acquired more than 60 years ago, it has been the cornerstone of the Australian artificial breeding industry so it is a significant move. However, we’re doing it with a really strong plan about how we want to go forward based around the TLG acquisition.”

Settlement on the Bacchus Marsh property at 144 Woolpack Road, ‘Parwan Park’ is due in September.

Boratto Farms plan to develop as much of the arable land as possible and continue to expand their vegetable growing operation

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