Shenhua properties on the plains of NSW Liverpool for sale | Islander
Shenhua Watermark Coal Pty Ltd is about to invite interest in its 16,570 hectares of land holdings in Liverpool Plains in northwest New South Wales.
The price tag for the set is expected to be at least $ 120 million, said CBRE Agrtibusiness chief executive David Goodfellow, announcing that his company would host a pre-campaign launch event in Gunnedah ahead of the official campaign. declaration of interest.
The sale comes after Shenhua Watermark Coal gave up its exploration and mining licenses under a deal with the NSW government.
The sale consists of three aggregations. Breeza is the centerpiece, which is expected to raise at least $ 115 million. Covering an area of approximately 14,246 ha, it is the largest of the three and comprises 14 properties acquired between 2009 and 2010 plus three apartments and an office located in Gunnedah.
Located in the locality of Curlewis / Breeza, the aggregation is currently used for crops in arid lands (cereals, legumes and cotton) and for grazing beef cattle. Breeza is sold with a groundwater right of 608 megalitres and 1215ML of seasonal flows.
About an hour from Breeza are the aggregations of Tambar Springs and Barraba, which were purchased by the mining company in order to meet NSW government requirements that Shenhua offset its operations with green land uses. .
The Tambar Springs aggregation of approximately 1,208 ha consists of two farms located within two kilometers of each other. The farms are currently used for both mixed farming of drylands and the production of beef cattle.
The Barraba aggregation has a total area of 1,114 ha and includes two neighboring non-contiguous land holdings. About 583 ha are considered pasture, the rest comprising residual vegetation. The area is mainly used for the production of beef cattle.
James Auty, director of CBRE Agribusiness, said the Gunnedah region is well known for its highly productive soils, its wide range of proven farming systems and the generally even distribution of rainfall throughout the year.
“This means that the region can cultivate pastures for raising and fattening livestock throughout the year, as well as summer and winter crops for cereals and / or fodder – lending these land holdings have an incredibly wide range of purposes, ”Mr. Auty said.
“In addition, some lands are also very suitable for regenerating native forests for the production of carbon credits, which are quickly becoming very valuable given the current demand from companies to achieve net zero emissions targets.”
Shenhua representative Chris Walker said a competitive presentation process led to the appointment of CBRE’s agribusiness team to sell the underlying real estate assets.
“We have owned the majority of these assets for over 10 years and have built good relationships with the farmers who continued to work the land during this time,” Walker said.
“With the help of CBRE, we look forward to transferring the properties to the farming community and returning the land to farming.”
Shenhua’s land holdings include the Breeza, Tambar Springs, and Barraba aggregations, which are located in and around the Gunnedah region. The farms are currently leased to seven tenants.
Mr Goodfellow said the sales process would allow local farmers to compete with the big food companies.
“A property of this size and annual productivity is ideal for a combination of local farm businesses to acquire individual sites to add to their existing operations,” said Mr. Goodfellow.
“This will also be of interest to the corporate agribusiness sector which can see the enormous economic benefits of very large scale properties.
“In addition, the site offers potential benefits of creating carbon credits, which add to the overall financial returns. “
The expressions of interest in Shenhua landholdings will end on August 26, 2021.