Canadian pension funds buys Sir Graham McCamley farms

About $13 million has been spent by one of Canada's largest pension funds, on two organic Queensland farms of the pastoral legend, Sir Graham McCamley.

The Oakleigh and Stoodleigh properties, north of Rockhampton, have been sold subject to approval from the Foreign Investment Review Board.

The Australian Financial Review put the sale price at around $13 million with Sir Graham's 13,650-hectare Oakleigh and Stoodleigh aggregation passed in for $8.15 million at November auction last year.

Not retiring, but focusing on one nearby farm, Tanderra the 82 year old Sir Graham told ABC Rural on their listing that he had suffered nine cancers, so it was time to enjoy his bush farm with his great-grandchildren.

The organically accredited properties were offered on a walk-in, walk-out basis with 5,000 head of cattle, plant and equipment through CBRE's Geoff Warriner, Chris Holgar and Danny Thomas.

Other cattle stations have interested overseas funds with the Dutch pension fund Stichting Pensioenfonds ABP taking a stake in Macquarie Group's Paraway Pastoral.

The Public Sector Pension Investment Board invests money the Canadian Public Service and the Royal Canadian Mounted Police members.

The organically certified landholding located in the sought after Fitzroy region was dubbed by CBRE Agribusiness dubbed as the beef capital of Australia. 

The properties, formerly part of the larger Glenprairie Aggregation, are situated 19 kilometres north-west of the rural township of Marlborough and 107 kilometres north-west of Rockhampton. 

Since last traded in 2005, the properties had undergone a significant development program over the past nine years.

They were first listed in 2012.