Nathan Tinkler hints trackside that remainder of Patinack Farm empire will soon be sold

Embattled coal baron Nathan Tinkler looks set to sell the remainder of his prized Patinack stud farm empire if chatty comments made at Doomben racetrack at the weekend are to be believed.

Tinkler told on-course interviewer Wayne Wilson that his racing and stud farm holdings would be sold “within weeks” and he would walk away with a heavy heart, according to a report by Sunday Telegraph horse racing journalist Mark Oberhardt.

Not one usually keen to talk openly about his plans, Tinkler claimed a lot of people were interested in buying the Patinack Farm operation, where he has invested around $500 million over the past six years.

Since acquiring Patinack Farm in 2007, Tinkler has expanded its breeding operations, acquiring and developing 404 hectares of land at Benobble, near Canungra, Queensland including the adjoining famous polo property Elysian Fields in 2011.

Patinack Farm’s NSW holdings include a prime 1,500 hectare Richmond Grove rural property formerly known as Manado (later called ‘Collingrove’ in the 1980s), overlooking what was once home to the Giants Creek and Denman vineyards of Rosemount Wines.

At the end of February, Fairfax Media reported that Tinkler had sold Caulfield Guineas winner All Too Hard and his prized Patinack Farm Aberdeen for around $30 million to Vinery Study, part owned by Gerry Harvey and Black Caviar's owner Neil Werrett.

 


Larry Schlesinger

Larry Schlesinger

Larry Schlesinger was a property writer at Property Observer

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