The funds management company Blue Sky Alternative Investments has decided not to complete the purchase of a large-scale farm on the Queensland-NSW border, according to the Australian Financial Review.
Blue Sky held an option for the 1666-hectare Lochiel station on the Dumaresq River between Texas and Goondiwindi.
It was for $8.7 million, but Blue Sky has informed the owner it is unable to complete the deal.
The Lochiel deal included a host of water rights as well 697 megalitres of river water entitlements, 836 megalitres of bore water and 252 megalitres of overland flow.