Mark Burrows lists Widgee Waa at East Kangaloon

Mark Burrows lists Widgee Waa at East Kangaloon
Mark Burrows lists Widgee Waa at East Kangaloon

The retired merchant banker Mark Burrows is set to offload some of his Southern Highlands farm holdings.

He's keeping the house, called Sugarloaf Farm and acclaimed garden, with its Wollemi pine, but selling some 380 acres of the 800 acres he holds at East Kangaloon. There's talks of $12 million plus prospects for the Widgee Waa offering.

The property is an aggregation built up over 31 years, when he was head of investment bank advisory Baring Brothers Burrows.

The property has cattle farming infrastructure, equestrian facilities and a manager's cottage.

"I don't need two farms in the Southern Highlands and certainly not two of the largest land holdings," Burrows said ahead of the official marketing. 

Burrows had a long career in investment banking, commencing with Baring Brothers in London. 

Burrows moved back to Australia when he became Lazard Australia's first chairman.

He has been a non-executive director of the Asian Board of The Nature Conservancy, the world’s largest environmental NGO.

It is reportedly being listed by Christies International in conjunction with Meares & Co who have suggested it was likely to fetch between $30,000 and $40,000 an acre.

The last sale on Widgee Waa Lane was in 2012 when was paid $1.65 million for an 18 hectare farm (pictured). 

The 200-hectare property Comfort Hill at Sutton Forest sold in 2007 for a record of $15 million to the late international television show veteran Reg Grundy.

Last year, Atlassian co-founder Mike Cannon-Brookes bought Kangaloon's 45-hectare Rosehill Farm for $5.35 million.

This article was first published exclusively in the Saturday Telegraph.

 

Tags: 
Southern Highlands East Kangaloon

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