More of Australia sold off overseas

[red750]

Australia’s largest sheep station snapped up by foreign buyer

The country’s largest sheep station, the 1.046 million-hectare Rawlinna Station has been sold by Jumbuck Pastoral to a UK-based investor.

 

Details on Weekly Times website, behind a paywall. (Sorry).

[facthunter]

Who owned it before that?  Nev

[Marty_d]

Depends how far you go back.

 

Guess you can say that 200 years ago all the land was snapped up by foreign investors, and they didn't even pay.

[Siso]

They are paying now though!

[old man emu]

https://www.abc.net.au/news/2025-03-04/rawlinna-sheep-station-on-nullarbor-sold-to-uk-buyer-cpc/105008032

 

 

https://www.afr.com/property/commercial/jumbuck-sells-rawlinna-australia-s-largest-sheep-station-20250304-p5lgtn

[onetrack]

The purchaser of Rawlinna Station is a British agricultural investment company, CPC (Consolidated Pastoral Company), which owns 9 other Stations in Australia, as well as 2 major feedlots in Indonesia.

 

CPC is owned by Guy and Julia Hands, who are British billionaires. Typically of his breed, Guy Hands is an ex-Goldman-Sachs banker/trader who concentrates on massive wealth accumulation.

 

Of course, he is a resident of Guernsey, which has a taxation system that greatly favours billionaires wealth accumulation, with a 20% tax rate, and no taxes on capital gains or inheritances.

 

https://en.wikipedia.org/wiki/Rawlinna_Station

 

https://www.pastoral.com/about-cpc/#:~:text=Consolidated Pastoral Company (CPC) is,and two feedlots in Indonesia.

 

https://www.theguardian.com/media/2023/jul/21/private-equity-pioneer-guy-hands-to-leave-terra-firma-when-im-64