Crowdfunding local farmers secure three key Hassad aggregations

Crowdfunding local farmers secure three key Hassad aggregations
Crowdfunding local farmers secure three key Hassad aggregations

Hassad Australia has announced the sale of 18,000 hectare in three large aggregations — Raby Station in NSW, and Glendale and Ungarra aggregations in South Australia.

Fifteen family operators will be acquiring individual parcels of land from all three aggregations.

Landmark Harcourts agent Phil Rourke, who sold historic Raby at Warren, confirmed it sold to a consortium of local buyers, who would integrate parts of the 9,782 hectare property into their existing operations.

Hassad Australia also sold a dry land cropping aggregation spanning more than 3,000 hectares in South Australia’s mid-north for $16.2 million. 

Located 29 kilometres north-east of Clare, the Glendale Aggregation is suited to growing wheat, barley, canola, lentils and legumes, as well as grazing livestock. 

CBRE Agribusiness’ Danny Thomas and Phil Schell negotiated the sale of Glendale Aggregation, comprising 12 semi-contiguous landholdings totalling 3,263 hectares. 

The sale was one of three properties divested by Hassad Australia – the others being Raby in New South Wales and the Ungarra Aggregation in South Australia.

The sales also follow the earlier transaction of properties in Victoria and Queensland.

The divestments are in preparation for the next phase of the company’s investment strategy that will see further investment in lamb and grain marketing. 

The Glendale Aggregation sold to a number of local adjoining and nearby farmers in South Australia’s mid-north farming region.

Tags: 
Farm Sale Rural Market

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