Billionaire Sir Michael Hintze lists blue-ribbon Glaisnock farm
MH Premium Farms has listed the Glaisnock mixed-farming enterprise, with the property to go under the hammer next month.
The offering is a 982 hectare landholding within the south-west slopes region of New South Wales.
Located 26 kilometres from Young and in proximity to Cootamundra, Temora and Harden, it is in an area described as "blue-ribbon mixed-farming land".
MH Premium Farms, owned by Sir Michael Hintze, current production model focuses on wheat and canola in rotation, while legume pastures support sheep, cattle and fodder enterprises.
Of the total landholding, 947 hectare (96%) is arable, while the remaining area is comprised of 20 hectares of grazing land and 16 hectares of support land.
CBRE’s Col Medway, Richie Inglis and Ian Robertson have been appointed to negotiate the sale of property, which is situated at 125 Glaisnock Road, Berthong.
Medway noted the property’s location, fertile soil characteristics and existing infrastructure meant it was well suited to a range of cropping enterprises and pastural improvements.
MH Premium Farms’ Chief Executive Officer, Ed Dunn, said MHPF have owned Glaisnock for 10 years.
"It has been a great contributor to our portfolio," Dunn said.
"Our long-term manager of Glaisnock will be moving closer to Wagga to take up a senior role in our organisation.
"This has initiated the sale of the property with the funds to be reinvested in other opportunities."
Glaisnock is being offered for November 15 auction.
