Peabody Energy lists three central Queensland cattle stations

Peabody Energy lists three central Queensland cattle stations
Peabody Energy lists three central Queensland cattle stations

Three central Queensland cattle stations are up for sale by US coal mining giant Peabody Energy.

They are tipped to fetch around $60 million.

The properties known as Iffley, Deverill and Twenty Mile near Moranbah have a combined 41,500 hectares, currently leased to Australian Cattle and Beef Holdings.

The three cattle stations are being marketed by CBRE's Geoff Warriner and Chris Holgar.

Geoff Warriner said the property sizes, value and strength of current management match investment mandates of both major industry participants and institutional investors.

“The opportunity to secure an aggregation of this scale within such a renowned and highly productive livestock region that offers direct access to transport routes and close to end markets, is both unique and strongly sought after," he said.

Mr Holgar said the opportunity was also positioned to capitalise on the strength of Australia’s beef sector.

“Given the strong interest in large scale grazing land, the sale of these properties comes at an opportune time for the industry,” he said.

The properties are located approximately 38 kilometres south east of Moranbah, 130 kilometres south west of Mackay and 240 kilometres north west of Rockhampton.

The properties are offered in one line or as separate assets via a forthcoming expressions of interest campaign.

Tags: 
Queensland Cattle Station

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