Alan Myers sells a bit more of Tipperary

Barrister Allan Myers QC has sold a half share in his cattle station operation the Tipperary Group of Stations in the Northern Territory for $49 million.

The stake was sold to Booloomani Pty Ltd, led by Melbourne lawyer Jason Yeap who is a fellow board member of the National Gallery of Australia Council with Mr Myers.

The offering included the pastoral leases of the main Tipperary Station along with Litchfield and Douglas West stations.

Barrister Allan Myers has been attempting to offload the original group of five stations for many years, selling Fish River in 2011, Elizabeth Downs in 2014, along with Douglas and Douglas South in 2015.

Mr Myers bought the Tipperary Group from property developer Warren Anderson in 2003.

When previously owned by Warren Anderson, the station was also used for a zoo of exotic animals. 

The latest deal with Booloomani was a direct deal which received Foreign Investment Review Board approval.

The other investors who have joined Mr Yeap in partnership with Mr Myers come from Australia and Hong Kong.