QATAR government-owned Hassad Australia has sold off its Clover Downs merino sheep breeding operation in Cunnamulla for a price believed to be close to $27 million.
Hassad bought station in 2010 for $18.5 million.
The 125,293-hectare aggregation in Queensland’s south-west is divided into 75 main paddocks and 21 holding paddocks and has an estimated capacity of 64,000 dry sheep equivalent.
Colliers International marketed the property, which has reportedly been picked by a farming family from Coonamble in New South Wales.
Hassad Australia also sold its Kaladbro Station in Victoria’s south-west for $25 million earlier this year to Tom Brinkworth, but publicly stated the two sales are a “rebalancing of the portfolio”, rather than a hint towards exiting the Australian market.
Australian Property Journal