The sale of Wrotham Park cattle station to CPC has been confirmed in today’s AFR by James Thackray, Partner in Great Southern receivers, McGrath Nicol. Great Southern paid the AACo $53.5 million for Wrotham Park, however the sale price is apparently much less than that top-dollar price; at around $48 million. Consolidated Pastoral Company’s bid of $43 million failed to buy Wrotham Park when it was auctioned on June 19 2009, and negotiations then continued in private.
The sale includes 45,000 cattle. This year’s mustering only commenced a couple of weeks ago (mustering should have commenced as soon as the country has dried out sufficiently, after the wet season – usually after Easter.)
Consolidated Pastoral Company is now 10% owned by Ken Warriner and 90% owned by British investment firm, Terra Firma.
Tags: Wrotham Park Station, Pastoral companies, Rural properties for sale and ownership