Gina Rinehart puts $300m cattle station portfolio up for sale
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Mining magnate Gina Rinehart has put a $300 million portfolio of cattle stations and livestock in Western Australia and the Northern Territory up for sale as she looks to refine her vast rural holdings and capitalise on strong global demand for prime Australian agricultural assets amid surging beef cattle prices.
The portfolio of seven stations and one feedlot occupy about 1.876 million hectares of prime grazing country - an area one-and-half times bigger than Greater Sydney. It accounts for almost 20 per cent of the 10 million hectares of cattle country owned by Mrs Rinehartâs Hancock Agriculture and S. Kidman and Co, which she majority owns in a joint venture with Chinese real estate conglomerate Shanghai CREDÂ following a $385 million acquisition in 2016.