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Rinehart leads high-profile cattle station sales
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Rinehart leads high-profile cattle station sales
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Menegazzosâ Miranda Downs takes cattle station listings to $700m
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The combined value of big cattle stations listed for sale across northern Australia has surged to almost $700 million after the Menegazzo family put its 438,000-hectare Miranda Downs station in Queenslandâs Gulf of Carpentaria up for sale, along with 55,000 head of cattle.
Price expectations are between $145 million and $155 million for the renowned propertyâs rolling term lease, livestock cattle station complex and 6000-megalitre water licence from the Gilbert River, which runs through it.
Miranda Downs is being sold with 55,000 head of cattleÂ
Miranda Downs is one of eight cattle stations owned by the Menegazzo familyâs Stanbroke Pastoral, one of the worldâs largest privately owned integrated beef companies.