PROMINENT barrister Allan Myers, QC, has added his Tipperary Group of Stations to the pile of Australian cattle properties up for grabs, hiring Melbourne's Flagstaff Partners to run the sale.
Following strong international interest in the Australian cattle sector, sources said Myers had started a process for the iconic Tipperary Group, which covers close to one million acres located less than 200 kilometres south of Darwin.
It's understood Myers has installed a new management team at Tipperary ahead of the sale, led by former Australian Agricultural Co Ltd executive David Connolly, who has decades of experience in the local cattle industry.
Connolly is expected to focus on backgrounding and fattening cattle for the live export market and make use of Tipperary's ability to accumulate significant numbers of cattle prior to sending direct to the port.
The sale is likely to be pitched to potential buyers in Indonesia, China, Japan, Korea and other countries wanting to secure supply out of northern Australia.
It is understood indicative bids are due in early November, with final bids prior to Christmas. It means that any bidders who missed out on S. Kidman and Consolidated Pastoral Company may find themselves pretty busy in the run up to Christmas.
For Flagstaff, the role comes as it also goes about selling a lease for the Port of Darwin on behalf of the Northern Territory government.
