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.
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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