Australia’s largest non-public landholder, Viv Oldfield, has added Center Creek Station within the Northern Territory to his huge portfolio.
Key factors:
- Mr Oldfield, in partnership with the Costello household, is Australia’s largest non-public landholder
- Land Titles paperwork present he purchased Center Creek Station for $12 million
- Paperwork additionally reveal Gina Rinehart bought Brunchilly Station for $75 million
Mr Oldfield purchased the property, 200 kilometres south of Katherine, for $12 million by his firm Center Creek Land Holdings, based on paperwork from the NT Land Titles Workplace.
That worth doesn’t cowl any cattle, plant or tools bought with the 60,200-hectare property, ABC Rural understands.
Center Creek was bought by Nino Niceforo, one of Australia’s largest mango growers, who runs farms close to Darwin, Katherine and Mataranka.
Mr Oldfield, in partnership with the Costello household, owns no less than 9.4 million hectares of cattle nation throughout the Northern Territory, South Australia, and Western Australia.
Additionally they personal a 30,000-head feedlot and export yard in Katherine, and Mr Oldfield leases the 300,000 hectare Owen Springs Station close to Alice Springs.
Though Center Creek is small by NT requirements, Elders actual property agent Alison Ross mentioned it was well-situated due to its proximity to the Stuart Freeway.
“Viv Oldfield owns property each to the north, across the Katherine space, and to the south, by the Alice Springs district,” Ms Ross mentioned.
“So it is good for that breeder choice, feeding into each the northern operations he has in addition to southern markets.
“The [previous] homeowners put a variety of infrastructure in place — fencing, laneways and a variety of water.
“That was actually the drawcard for the client, that the infrastructure was in place.”
Rinehart sells Brunchilly Station for $75 million
In the meantime, NT Land Titles Workplace paperwork present the Gina Rinehart-owned S. Kidman & Co bought Brunchilly Station for $75 million.
When together with the cattle, plant and tools, ABC Rural understands the walk-in walk-out deal exceeded $100 million.
The station, which incorporates the Banka Banka East outstation, covers 457,200 hectares north of Tennant Creek.
Brunchilly was bought by pastoralist and cotton grower Malcom Harris, who additionally owns Ucharonidge, Rockhampton Downs, and Benmara Stations within the NT.
Mrs Rinehart purchased S. Kidman & Co in a partnership with the Chinese language-owned CRED pastoral in 2016.
She now owns only one property within the NT — Helen Springs Station.
