Esmeralda, Queensland farm sells

Esmeralda, Queensland farm sells
Jonathan ChancellorMarch 20, 2016

The Sydney based Gunn Agri Partners, headed by Macquarie Group's former chief operating officer in Brazil, Alan Hoppe, has secured the Central Queensland cattle station, Esmeralda in central Queensland.

It was listed at around $40 million.

Gunn Agri, trading as Cunningham Cattle Company and backed by Luxembourg funds, purchased the 406,000 hectares North of Richmond with 30,000 head of cattle. 

The deal follows Gunn Agri's purchase of a 36,000 hectare cattle aggregation near Roma in the Maranoa region of Queensland last December for about $11 million.

Gunn Agri counts among its directors the chairman of live export company Austrexx, Rick Trivett.

Ruralco Property's Troy Trevor and Peter MacPherson negotiated the deal.

There is also speculation the Gunn Agri Cattle Fund has made another major rural property acquisition, buying Goodar Station, north of Goondiwindi in Queensland, for about $20 million.

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.

Editor's Picks

Wellness takes centre stage as Pescado ignites buyer demand in Palm Beach
GURNER™ unveils Highgrove Place at historic Prahran site
Capri prepares to welcome residents to resort-style villa community on Isle of Capri
Buyers take advantage of WA stamp duty concessions as Incontro Subiaco apartments near 50% sold
Gold Coast buyers starting to think longer-term: Five minutes with SRQ Projects Director Nick Clydsdale