Broadmere Station was offered for sale by the estate of the late cattle king Peter Sherwin and offers tourism and carbon potential.
A Sydney-based property developer owned by wealthy Vietnamese businessman Anh Tuan Do has bought 259,000ha Broadmere Station in the Northern Territory from the estate of the late cattle baron Peter Sherwin.
A title search shows Mr Do’s Ultimo-based Arthur Winston Group paid $10.5 million for the cattle station, which has been up for sale since 2019.Mr Sherwin was once Australia’s largest private landowner, with 17 cattle stations stretching across the NT and WA’s Kimberley region and a 300,000 herd of cattle.Just a month before he died in July 2019, Mr Sherwin listed the property for sale. It took another four years for Broadmere Station to officially change hands before last week’s settlement.
A unique natural feature of the property is an escarpment of sandstone pillars known as the “Lost City”. Apart from cattle production, Broadmere Station is also well suited to ecotourism and carbon farming.Geoff Warriner and Chris Holgar from JLL brokered the sale of Broadmere Station.
Arthur Winston’s acquisition of Broadmere Station adds to growing corporate activity in the Northern Territory livestock sector.Also up for sale are 67,500ha Dorisvale station, which has an asking price of about $30 million, and 408,662ha Aileron Station and Oolloo Farm and Woolner Station on the outskirts of Darwin.In Goondiwindi in Southern Queensland, the Undabri and Yambocully cropping aggregation owned by Shanghai-based Orient Agriculture is expected to sell for around $100 million.
Representing a combining landholding of 13,920ha, the aggregation comes with up to 15,000 megalitres of water entitlements and a mix of irrigated and dryland cropping suited to growing cotton and sorghum. JLL’s Clayton Smith, Chris Holgar and Geoff Warriner are selling Undabri and Yambocully via expressions of interest.
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