Senja Close EC™

Nestled in a prime location, Senja Close EC stands as a groundbreaking mixed-use development in the area. Boasting state-of-the-art amenities such as a well-equipped fitness gym, serene garden atrium, and stylish lounge areas, Senja Close EC offers residents a luxurious lifestyle experience. To top it off, each unit is thoughtfully designed with top-of-the-line Miele appliances, including an induction cooktop and wine cooler, ensuring the utmost convenience and sophistication. It’s no wonder why Senja Close is the talk of the town.

Colliers, a real estate firm handling the transaction, has announced that the largest grazing and cropping property in Victoria, Telopea Downs, is up for sale through an international expression of interest (EOI) exercise. The guide price has not been disclosed, although industry sources believe the property could fetch upwards of A$100 million ($85.1 million), according to ABC News. Meanwhile, AuctionsPlus, an online agricultural marketplace, has cited the current owner’s valuing the property at up to A$123 million ($104.7 million). Situated on the border of Victoria and South Australia, between Kaniva and Bordertown, Telopea Downs consists of 11 adjacent properties – 10 in Victoria and one extending into South Australia. The sixth-generation woolgrower, AJ & PA McBride, who acquired the asset in 2018 for over A$70 million, is divesting the property. It was initially purchased by Hassad Australia, a subsidiary of Qatar’s sovereign wealth fund Hassad Food, in 2012 as part of its strategy to expand its Australian agricultural portfolio for sheep breeding. Telopea Downs spans over 47,660 hectares of grazing and cropping land and boasts of irrigation development and a strong track record of land and pasture improvement. “Over 27,000 hectares have been improved with clay, and there have been upgrades to fencing and water infrastructure,” explains Jesse Manuel, the national director of agribusiness transaction services at Colliers. “Ongoing renovations continue to enhance the carrying capacity of the property.” At present, the property supports about 85,000 Merino and crossbred sheep and 1,100 cattle, with a long-term carrying capacity exceeding 100,000 dry sheep equivalents (DSE). It also holds 2,325 megaliters of water entitlements for irrigation, which supports fodder, seed, horticultural production, and livestock operations. Telopea Downs benefits from high-quality and accessible groundwater, which allows for a range of large-scale farming enterprises. “With its temperate climate, moderate rainfall, and irrigation potential, the property would bring significant value to various supply chain operations, from breeding to backgrounding,” notes Tim Altschwager, Colliers’ national director for agribusiness transaction services. The EOI will close at 12 pm (Australian Eastern Daylight Time or AEDT) on November 21st.