Billionaire Michael Hintze buys Deltroit

Billionaire Michael Hintze buys Deltroit
Billionaire Michael Hintze buys Deltroit

MH Premium Farms (MHPF), the Australian agricultural investment group of UK-based hedge fund founder, Sir Michael Hintze, has bought Deltroit, the Gundagai district farm.

The 2573 hectare Mundarlo property was offered for sale to wind up the agricultural portfolio of the Brisbane-based Australian Pastoral Group who had bought Deltroit in 2012 from  Anthony Crichton-Brown.

No price has been disclosed for the latest sale, but Inglis Rural were expecting $18 million to $20 million

MHPF’s properties now cover more than 50,000ha, mostly NSW, but also North Queensland, where MHPF spent $9 million recently on expanding its irrigated sugar farming operations at Ayr.

Deltroit will be used by MHPF to grow prime lambs, cattle and crops.

Jonathan Chancellor

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.

Tags: 
Rural Trophy

Community Discussion

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