CPC’s Gowan, Mt Marlow and Cooinda sold

CPC’s Gowan, Mt Marlow and Cooinda sold


News
TOPX Longreach owners Tom (pictured) and Belinda McLeish have bought the 24,300 hectare Winton property Cooinda Station for $5.5 million.

TOPX Longreach owners Tom (pictured) and Belinda McLeish have bought the 24,300 hectare Winton property Cooinda Station for $5.5 million.

Aa

THE three Consolidated Pastoral Company (CPC) properties put to auction last week have sold.

Aa

THE three Consolidated Pastoral Company (CPC) properties put to auction have sold. 

Gowan at Blackall sold for $7.2 million to Blue Sky Beef from the Acadia Valley. 

The sale price is equal to about $398/ha ($161/acre). 

Mount Marlow at Blackall sold for $5.25m to Bill and Gretchen Speed and family, Brigadoon Cattle Company, Taroom. 

The sale price is equal to about $72/ha ($29/acre). 

TOPX Longreach owners Tom and Belinda McLeish have bought the Winton property Cooinda Station for $5.5m, after it was passed in for $5m. 

The sale price is equal to about $226/ha ($92/acre).

Gowan is a 18,077ha (44,669 acre) property located about 70km south of Blackall. Gowan is estimated to carry 3000 to 4000 cattle, with all paddocks watered by the property’s reticulated bore system.

Mount Marlow comprises of 73,100ha (180,634 acres) and is described as ideally suited to be run as a breeding and growing property. The organically certified property is estimated to carry 4000 mixed cattle. 

Cooinda Station is a 24,300ha (60,046 acre) property located 70km north of Winton. It is estimated to carry 3000 to 4000 cattle. 

CPC currently owns or operates 19 cattle stations comprising more than 5.6 million hectares. The $700m company also holds an 80 per cent interest in a joint venture which owns and operates two feedlots in Indonesia. CPC chief executive Troy Setter said no further property sales were planned. 

Andrew Adcock from Ruralco Property handled the marketing.

Aa

From the front page

Sponsored by