Canadian pension funds buys Sir Graham McCamley farms

Canadian pension funds buys Sir Graham McCamley farms
Jonathan ChancellorApril 19, 2015

About $13 million has been spent by one of Canada's largest pension funds, on two organic Queensland farms of the pastoral legend, Sir Graham McCamley.

The Oakleigh and Stoodleigh properties, north of Rockhampton, have been sold subject to approval from the Foreign Investment Review Board.

The Australian Financial Review put the sale price at around $13 million with Sir Graham's 13,650-hectare Oakleigh and Stoodleigh aggregation passed in for $8.15 million at November auction last year.

Not retiring, but focusing on one nearby farm, Tanderra the 82 year old Sir Graham told ABC Rural on their listing that he had suffered nine cancers, so it was time to enjoy his bush farm with his great-grandchildren.

The organically accredited properties were offered on a walk-in, walk-out basis with 5,000 head of cattle, plant and equipment through CBRE's Geoff Warriner, Chris Holgar and Danny Thomas.

Other cattle stations have interested overseas funds with the Dutch pension fund Stichting Pensioenfonds ABP taking a stake in Macquarie Group's Paraway Pastoral.

The Public Sector Pension Investment Board invests money the Canadian Public Service and the Royal Canadian Mounted Police members.

The organically certified landholding located in the sought after Fitzroy region was dubbed by CBRE Agribusiness dubbed as the beef capital of Australia. 

The properties, formerly part of the larger Glenprairie Aggregation, are situated 19 kilometres north-west of the rural township of Marlborough and 107 kilometres north-west of Rockhampton. 

Since last traded in 2005, the properties had undergone a significant development program over the past nine years.

They were first listed in 2012.

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:
Rural

Editor's Picks

City Beat January 2025: Sydney property market cooldown slows as new apartment pipeline ramps up
26 Vista Street, Surfers Paradise apartment development, hits 70 per cent sold
Latent Defects Insurance 101: What is the Technical Inspection Service (TIS) Program
City Beat January 2025: Gold Coast property values continue to grow as off the plan enquiries hit near 12-month high
Live parkside in Melbourne for under $500,000