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Footy boss backs $104m cattle station


Footy boss backs $104m cattle station
AFL chief Gillon McLachlan and the billionaire family behind Reece Plumbing are among investors in the $104m acquisition of a historic cattle station in the NT.
Business
by Giuseppe Tauriello
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AFL boss Gillon McLachlan and the billionaire family behind Reece Plumbing are among investors in Jumbuck Pastoral s acquisition of the historic Wave Hill cattle station in Northern Territory.
The syndicate, led by Jumbuck s Adelaide-based MacLachlan family, splashed out $104m for the property, which spans 1.25 million hectares across the NT s Victoria River District, 750km south of Darwin.
The price includes the expansive landholding as well as 40,000 cattle, and is one of the highest prices ever paid for a single cattle property in Australia. ....

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Wave Hill Station sold to Jumbuck Pastoral, AFL boss Gill McLachlan and Reece family for $100 million


Wave Hill Station sold to Jumbuck Pastoral, AFL boss Gill McLachlan and Reece plumbing family for $100 million
WedWednesday 17
updated
WedWednesday 17
Wave Hill Station has been sold to a company fronted by Jumbuck Pastoral.
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AFL CEO Gillon McLachlan and the billionaire family behind the Reece plumbing empire are silent backers of Jumbuck Pastoral s purchase of the NT s iconic Wave Hill Station.
Key points:
Jumbuck Pastoral, AFL CEO Gill McLachlan and Reece plumbing family purchased the property
Wave Hill was the birthplace of the Aboriginal Land Rights movement
Wave Hill covers 1.25 million hectares in the Victoria River District, 750 kilometres south of Darwin, and was the site of a walk-off by Gurindji stockmen, which led to the Aboriginal Land Rights movement in the 1970s. ....

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