Meeleebee Downs sale nears?
Jonathan ChancellorDecember 7, 2020
The third-time lucky sales process for beef cattle property Meeleebee Downs has yet to eventuate despite being understood to be gathering momentum earlier this year.
The Australian Financial Review's Street Talk column recently advised there are three parties in advanced due diligence in the Meeleebee auction.
The sale had been expected to wrap up by the end of March.
At least one of the bidding parties is a new investor to the agriculture and cattle industry, according to sources.
A deal fell over in December, despite a $60 million sale price and terms being agreed.
Meeleebee, a landholding of 24,340 hectares within the Roma district in Queensland.
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.