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

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Rural Trophy

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