Sir Michael Hintze buys Boggabri farm

Sir Michael Hintze buys Boggabri farm
Sir Michael Hintze buys Boggabri farm

The billionaire hedge fund manager Sir Michael Hintze has again expanded his NSW farming properties.

The 2,250 hectare farm in Boggabri recently cost Hintze $7,935,000, which took his spend mostly in rural NSW to over $80 million over the past decade or so.

His prior acquisition was Deltroit, the Gundagai district 2573 hectare Mundarlo property.

Sir Michael, with a fortune estimated at $1.3 billion, is the founder of London-headquartered $12 billion global fund manager CQS.

His MH Premium Farms owns 20 rural properties in Australia spanning more than 70,000 hectares across Australia from North Queensland sugar farms to Victoria.

He started near Goulburn in 2007 with a $12.5 million purchase of the 3,300 hectare grazing property Little Wollogorang.

The expatriate veteran hedge fund trader - who grew up in Sydney - doesn't have a home in the NSW capital.

He deemed his farming portfolio as an investment not just looking for capital gain from the properties but also seeking solid returns on production.

Hintze recently spent more than $10 million on the historic Cheviot Hills, his first Victorian farming property.

He's not the only London based expat buying up the bush.

Ivan Ritossa and wife Marina have spent $5.4 million on Bogolara, nearly 1,700 hectares an hour north of Canberra.

They've bought with Cootamundra born David Carr, the former Yellow Brick Road owner. 

Ivan was one of the most influential figures in foreign exchange over the past few decades.

In 2008 Ivan and Marina paid $45 million for Coolong, the 4,100 sqm Vaucluse waterfront trophy of the late Allco founder David Coe.

This article first appeared in the Daily Telegraph.

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: 
Farm Sale Hintze

Community Discussion

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