CONSOLIDATED Pastoral Company has paid a record $47.5m for Jimarndy Station in Central Queensland’s Fitzroy region.
The sale price (which included $500,000 of plant and machinery) equates to $2735/ha ($1078/acre) or $7580 an adult equivalent.
The deal includes a 4410ha forestry lease adjoining the aggregation.
CPC runs around 300,000 head of cattle on eight properties spanning more than 3.6 million hectares in Queensland, the Northern Territory and Western Australia.
Chief executive officer Troy Setter said the business took over the running of Jimarndy Station last month following…
