US BREEDING GIANT EYES TINKLER'S PATINACK FARM

Written on the 16 October 2014 by Nick Nichols

US BREEDING GIANT EYES TINKLER'S PATINACK FARM AMERICA’S largest thoroughbred group, Spendthrift Farms, is among the potential buyers keen to snare the remnants of Nathan Tinkler’s horse racing empire on the Gold Coast.

A week out from the planned auction of Patinack Farm at Canungra, marketing agents have revealed strong international interest in the prime equine asset, including parties from the United Arab Emirates, Hong Kong and New Zealand.

There already are 12 registered bidders for the auction which will be held on site on October 23.

Marketing agent Cameron McPhie, of LJ Hooker Surfers Paradise, says the high-profile campaign has drawn strong interest in the property which is being offered as a single lot or four separate lots.

The lots, which have a combined land area of 447ha, comprise the original horse breeding property Wadham Park, the adjacent Elysian Fields training facility, and the Saravale and Benobble breeding and agistment facilities.

McPhie says Spendthrift Farms, which has a significant breeding operation in Kentucky with 25 stallions standing, is a genuine starter for the auction.

He says representative from Spendthrift have travelled from the US to inspect the property.

“They are very interested in setting up operations in the southern hemisphere and they are looking at it very seriously,” McPhie says.

There also has been strong interest from the domestic racing industry, particularly from Victoria, he says.

Tinkler has emptied all livestock from the property, selling most of them through the Magic Millions sales earlier this month. The former billionaire’s other Patinack Farm, in the Hunter Valley, is set for auction a week after the Canungra sale.

McPhie says buyers have been attracted by the property’s “first-class improvements which is absolutely second to none”.

“There has been no expense spared on the development of the property and all facilities are of the highest standard and state of the art construction.”

The property has its own helipad, hospital barn, vet stations and stabling for up to 80 horses in work.



Author: Nick Nichols

Latest News

THE STAR'S STUNNING ANSWER TO CROWN'S BARANGAROO

THE Star Entertainment Group (ASX:SGR), not to be outdone by James Packer's Barangaroo development across the ...

BRISBANE COAL TERMINAL REOPENS AFTER SHIPLOADER REPAIR

COAL loading has recommenced at New Hope's (ASX: NHC) Brisbane terminal today after repairs to its ship loader, w...

SUPERYACHTS OFFER UNTAPPED POTENTIAL AT COMMONWEALTH GAMES

SUPERYACHT Australia has devised a strategy to attract more superyachts to Queensland and capitalise on revenue op...

GDP FIGURES A 'WAKEUP CALL' FOR PARLIAMENT

THE GDP figures are an end-of-year wakeup call for Parliament about what lies ahead for the country, according to ...

Related News

HOW MCDONALD'S AUSTRALIA REDISCOVERED ITS INNOVATIVE SPIRIT

MCDONALD'S is such a ubiquitous part of the Australian landscape today that it is easy to forget how it change...

JB HI-FI IS THE GOOD GUY IN $870 MILLION ACQUISITION

ELECTRONICS giant JB Hi-Fi has formally completed its $870 million acquisition of home appliance chain The Good Gu...

ACCC ACTS AGAINST MERITON'S RIGGED REVIEWS

MERITON Property Services is under fire from Australia's main consumer watchdog, after it allegedly engaged in mi...

ACCC FIRES WARNING SHOT TO IVF PROVIDERS

IVF clinics have been put on notice by consumer watchdog, the Australian Competition and Consumer Commission (ACCC...

Contact us

Email News Update Sign Up Contact Details

Subscribe to our mailing list

* indicates required
Email Format

PO Box 2087
Brisbane QLD 4001

LoginTell a FriendSign Up to Newsletter