Thursday, 25 June 2015


A look around the biggest property sale on earth: It is almost the same size as England and has hit the market for $325MILLION - but don't expect to hit it off with the neighbours... there are none
One of the world's largest private land holdings that includes the biggest cattle station on the planet and has been in the one Australian family for five generations is in final preparations for its sale.
The unique collection of ten vast outback properties amassed more than 100 years ago by legendary Australian pastoralist Sir Sidney Kidman will be sold to one of 30 bidders from around the world over the next few months.
The combined territory of the properties is 101,411 square kilometres, or almost 11 million hectares, equivalent to the US state of Indiana, and more than three-quarters the size of England. 
The property ownings he bequeathed to his family are said to be 'the largest private, non-monarchical, non-state landholding on earth'. Just 150 people  - cattle station staff - live on the land.
S Kidman & Co managing director Greg Campbell told Daily Mail Australia that the company will now narrow down the interested parties to a short list of around six final bidders.
The properties, which are all working cattle stations will  be sold as one and are expected to collectively attract more than their net worth of $325 million.
With cattle prices currently high, the properties are considered 'a world class asset of international significance'. Anna Creek Station in the northern South Australian outback is the largest at 23,000 square kilometres.
The Cattle King: Sir Sidney Kidman (pictured) ran away from home at the age of 13 with five shillings and a one-eyed horse and over the next 60 years amassed an extraordinary fortune of outback cattle stations which have remained in his family for five generations and are now up for sale for more than $325 million

Other holdings include Durham Downs, Durrie, Glengyle, Morney Plains, Naryilco and Rockybank in Queensland; Innamincka, Macumba and Tungali in South Australia; Helen Springs in the Northern Territory and Ruby Plains in Western Australia.

Despite reported rumours of bitter wrangling by family members who did not want to sell and talk of a 'carve up' of the land holdings, selling agent Ernst & Young South Australia's managing partner Don Manifold said the family who owned the 98 per cent shareholdings were now in agreement.
'There is some hysteria at the moment about foreign land ownership and I understand people's concerns, but this is a very well-managed cattle business and the Federal government and [three state and one territory] governments and the Foreign Investment Review Board will all be involved because we are talking about long term pastoral leases here,' he said.

'It is extraordinary that it has been in the one family until the fifth generation, is debt free, consistently well run, prime cattle producer.'
Sidney Kidman was born into an Adelaide family and educated at a private school before, aged thirteen in 1870, he ran away from home with  five shillings in his pocket a one-eyed horse.
He found work with a drover and trained as a roustabout and bullock-driver, working in far western NSW and outback South Australia and thereafter began buying cattle stations in the Australian outback.
By 1903 Kidman owned or was a part owner of some 98,420 sq km of of country ranging from Western Australia to the Northern Territory, South Australia and Queensland.
He developed a cattle business using exclusively Sant Gertrudis in his South Australia and Channel Country properties and Brahmans and a Brahman breed, Charbrais in his northern herds. 

courtesy: Daily Mail

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