ALBERTA Investment Management Corporation (AIMCo) and its investment partner New Agriculture have today announced plans to buy the Kimberley Cattle Portfolio.
The agreement covers Yougawalla Pastoral Co and Argyle Cattle Co, both in Western Australia’s Kimberley region, and will see Haydn and Jane Sale retained as managers of the large-scale cattle breeding business.
The portfolio consists of seven pastoral leases covering 1,828,692ha in total, five sub-leases covering 924,325ha, and an agistment agreement over 153,475ha.
It was offered for sale by the Chinese Hui family’s Archstone…
