Nathan Tinkler's Patinack Farms scheduled for October auction

Nathan Tinkler's Patinack Farms scheduled for October auction
Jonathan ChancellorDecember 7, 2020

Mining tycoon Nathan Tinkler’s two Hunter Valley Patinack Farm thoroughbred properties will go to 13 October auction under instructions to repay loans to retail billionaire Gerry Harvey.

Rural agent Chris Meares of Meares & Associates has been appointed to market the 1,338 hectare thoroughbred farm, Richmond Grove in Sandy Hollow.

The 1,398 hectare Tremayne mixed-use rural property in Broke has been listed by Shelly Jurd of Jurd’s Real Estate in conjunction with Meares & Associates, with Fairfax Media reporting the agents have yet to sufficiently inspect the properties to determine price estimates.

The Richmond Grove property is one of the largest thoroughbred farms in Australia.

Two other Patinack Farm thoroughbred properties - 440 hectares at Beaudesert in south-east Queensland and Banoon with 384 hectares of rural land at Monegeeta in Victoria - will also be sold at spring auction.

A reputed $130 million sale of the Patinack portfolio to Middle Eastern firm Cibola Capital in May did not proceed.

Jonathan Chancellor

Jonathan Chancellor is one of Australia's most respected property journalists, having been at the top of the game since the early 1980s. Jonathan co-founded the property industry website Property Observer and has written for national and international publications.
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