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

AUSTRALIA READY TO DISRUPT GLOBAL CARBON FIBRE MANUFACTURING

AUSTRALIA for the first time has the capacity to produce carbon fibre from scratch and at scale, following the launch...

HONG KONG FUND INVESTS $212.8 MILLION IN G8 EDUCATION

G8 EDUCATION (ASX: GEM) has secured $212.8 million from Hong Kong-based CFCG Investment Partners to pay down debt and...

MERGER DELIVERS THE FINANCIAL GOODS FOR TERRY WHITE

TERRY White Group has posted a solid half-year net profit of $1.3 million amid a period of major transformation fo...

BLUE SKY APPOINTS TWO NEW INDEPENDENT DIRECTORS

BLUE Sky Alternative Investments (ASX: BLA) has appointed two new independent, non-executive directors to its board: ...

Related News

WHY EMPLOYEE-OWNED COMPANIES ARE BEATING ASX200 SHARE PRICES

EMPLOYEE-owned companies command a higher share price than their publicly listed peers, reaping a 17 per cent prem...

RISE OF THE MACHINES HAS WORKERS SWEATING

UP TO 3.8 million Australian workers are fearful their job may soon be terminated by a robot, a new survey has shown....

LESS TALK, MORE SMALL BUSINESS ACTION IN 2017

THE future growth and prosperity of Australian SMEs could be undermined if governments lose sight of the sector...

TEST DRIVE A POST GRAD AT BOND

THERE'S only one way to really move your career into the fast lane, says Bond University, and 'test driving...

Contact us

Email News Update Sign Up Contact Details
Subscriptions

PO Box 2087
Brisbane QLD 4001

LoginTell a FriendSign Up to Newsletter