Brett Blundy buys Walhallow, the NT cattle farm

Brett Blundy buys Walhallow, the NT cattle farm
Brett Blundy buys Walhallow, the NT cattle farm

Billionaire property entreprenuer Brett Blundy has paid around $100 million for the Walhallow cattle station aggregation in the Northern Territory.

It was the largest single cattle station deal in Australian history, The Australian Financial Review suggested of the sale of the one million hectare property on the Barkly Tablelands by Macquarie Group's Paraway Pastoral.

The walk in-walk out deal included 48,000 head of cattle, worth more than $40 million, with the estimated land component worth around $56 million.

Blundy's purchase was made with pastoralists Adrian and Emma Brown.

Macquarie purchased the aggregation from cattle baron Peter Hughes in 2009 as part of a larger portfolio.

Jonathan Chancellor

Jonathan Chancellor

Jonathan Chancellor is one of our authors. Jonathan has been writing about property since the early 1980s and is editor-at-large of Property Observer.

Tags: 
Cattle Station Walhallow

Comments

Be the first one to comment on this article
What would you like to say about this project?