Tim Roberts-Thompson sells 33,000ha in the Southern Riverina
CBRE has sold 33,000ha of premium rural land fronting the Murrumbidgee River in NSW’s Southern Riverina region in an off-market transaction for the family of businessman Tim Roberts-Thomson.
The two NSW Southern Riverina stations sold in an off-market deal reportedly worth $60 million.
Juanbung and Boyong stations span 33,000ha of grazing land, which has been used for backgrounding up to 10,000 cattle a year, and has 55km frontage to the Murrumbidgee River.
It is also home to one of the largest privately owned River Red Gum forests in the world, and accommodates firewood business Juanbung Mill.
Juanbung and Boyong stations also benefit from a 13,506ML supplementary water entitlement and incorporate the floodplain delta of the Lachlan River, referred to as Great Cumbung Swamp.
The properties were reportedly bought by a local group.
CBRE’s Danny Thomas and Aither’s Chris Olszak sold the properties via a walk-in-walk-out basis on behalf of Roberts-Thompson’s TRT Pastoral Group.
Roberts-Thompson advised the sale would allow TRT Pastoral to focus on building its King Island beef business, as well as its other mainland beef breeding operations.
It also owns an aggregation of five properties in North East Victoria, Howquadale Station,
Boasting 55km frontage to the Murrumbidgee River, Juanbung and Boyong Stations have traditionally been used for backgrounding large numbers of cattle for nearby feedlots (up to 10,000 head per annum).
