Biggest piece of property on Earth up for sale in Australia

Iskandar region encompasses an area of 2,217 square kilometers covering the city of Johor Bahru and the adjoining towns of Pontian, Senai, Pasir Gudang and the construction of a new administrative capital in Nusajaya.
Post Reply
amanda_tang
Posts: 6
Joined: Tue Aug 11, 2015 10:53 am

Biggest piece of property on Earth up for sale in Australia

Post by amanda_tang » Wed Aug 12, 2015 9:49 am

THE largest private piece of land on Earth is up for sale — and it’s right here in Australia.

The massive chunk of outback territory comprises 10 working cattle stations spanning 11 million hectares — which is about three quarters of the size of England.
And it’s hit the market for a cool $325 million.

Bidders will need to spend a week flying across South Australia, Western Australia, the Northern Territory and Queensland to inspect the combined territory, which is said to be the “largest private, non-monarchical, non-state landholding on earth”.

The property empire includes Anna Creek, the largest cattle station in the world, which has been owned by the descendants of Australia’s “Cattle King”, pastoralist Sir Sidney Kidman, for more than a century.

Selling agent Don Manifold of Ernst & Young South Australia said first round offers would be locked in next month, and then the bidders would be whittled down to a shortlist of six to 12 potential buyers.

“There has been a lot of interest, and we’ve been quite overwhelmed,” Mr Manifold told news.com.au.

“Over half of the interest has come from Australia and there’s also a number of other bidders from Asia, North America and Europe.

“It is a large tract of land and it’s an iconic name, Kidman, and it’s certainly quite rare that an opportunity like this would come on the market, having been under family ownership for 100-something years.”

Read more, please click here -> http://www.lelongtips.com/blog/news/153 ... -Australia

Post Reply

Who is online

Users browsing this forum: No registered users and 1 guest