Laglan Pastoral Co operates across 100,000ha of developed buffel country near Clermont in Central Queensland.

A 101,600ha Central Queensland cattle enterprise with almost a century of operating history has been brought to market, with the sale of Laglan Pastoral Co’s assets.

LAWD Corporate Advisory will head up the process, supported by LAWD’s Transactions team and working in conjunction with Veivers Property, for the sale of 100 percent of the issued shares in the company, which holds Laglan Station (Laglan and Madison pastoral leases) in Queensland’s Isaac River region.

The offering will include at least 11,000 commercial Brahman cattle, together with the plant, equipment and infrastructure supporting an established breeding, backgrounding and fattening operation.

Laglan Station has a demonstrated carrying capacity of 14,500 Adult Equivalents and operates a high quality predominantly Brahman-based integrated breeding and finishing operation.

LAWD National Director, Corporate Advisory, Jaclyn Hope, said the transaction had been structured as the sale of the company rather than the individual underlying assets, shaping both what a purchaser acquires and the sale process.

“The Vendor is seeking one transaction with one purchaser for 100 per cent of the shares,” Ms Hope said.

“Laglan and Madison are held under rolling term pastoral leases registered to the company. As a share sale, the water licences, cattle brand and other registrations required to operate the aggregation remain with the company, providing continuity for an incoming purchaser.”

Two long-term leases anchor the aggregation

Laglan Station comprises 39,200ha within Laglan lease and 62,400ha within Madison lease. The eastern boundary of the property is 116km by road north west of Clermont.

The pastoral leases are held on rolling terms, with the current terms extending to 2049 for Laglan and 2039 for Madison.

The land comprises a diverse mix of developed brigalow and gidgee scrub, productive coolibah floodplains along the Belyando River, Fiery Creek and Fox Creek, developed box and ironbark, and extensive forest breeding areas to the west.

About half of the aggregation has been developed through vegetation management and pasture improvement. Pastures include buffel grass, seca stylo and a wide variety of native species, with extensive opportunities for further development in both the backgrounding/fattening and breeder land.

Water security is a defining feature, supported by frontage to the Belyando River, Fiery, Fox and Dunda creeks with semi-permanent water holes in Fox Creek and Fiery Creek. Water security is punctuated with 28 dams, nine equipped bores and an extensive poly pipeline reticulation system servicing a substantial network of tanks and turkey nests.

The water network is supported by Farmbot remote monitoring systems, while the district records a summer-dominant average annual rainfall of 570mm.

Water security is a defining feature with frontage to the Belyando River, Fiery, Fox and Dunda creeks and semi-permanent water holes.

Strong capital demand for Central Queensland scale

LAWD National Director, Transactions, Tim McKinnon, said the offering combined established cattle production with substantial water and operating infrastructure in one of Central Queensland’s most sought-after breeding and backgrounding regions.

“Central Queensland remains a tightly held cattle-producing region and opportunities to acquire an established operation of this scale, with this level of water and infrastructure development, are rare,” he said.

“Significant capital has been invested in water and accommodation infrastructure at Laglan over the past decade, while the western forest land also provides scope for further development.

“We expect the combination of an established production base, developed infrastructure and further development potential will attract interest from pastoral families, corporate operators and institutional investors seeking exposure to the Central Queensland beef industry.”

Integrated production system, with flexibility

The predominantly Brahman-based cattle enterprise operates as an integrated breeding, backgrounding and fattening operation, while retaining the flexibility to target feeder markets as seasonal and market conditions dictate.

The aggregation’s varying land types perform complementary roles within that system, with the extensive forest land to the west supporting the breeding herd before progeny move onto developed brigalow, gidgee and coolibah through the eastern and central areas for backgrounding and finishing.

Veivers Property Principal, Grant Veivers, said that integration of land types, water infrastructure and cattle-handling facilities was a defining feature of the operation.

“The forest to the west carries the breeders, with progeny able to move forward onto the developed brigalow, gidgee and coolibah for backgrounding and finishing,” Mr Veivers said.

“The water, laneway and cattle-handling infrastructure connects those areas as one production system and allows cattle to be efficiently moved and worked across the aggregation.

Quality infrastructure to support operations

Operations are supported by 40 main paddocks and 27 holding paddocks, linked by 45km of laneway to three principal cattle yard complexes at the Homestead, Fiery and Golspie.

Structural improvements include a substantial homestead complex, multiple additional residences and cottages, extensive machinery, hay and workshop shedding, stables, a campdraft arena and an airstrip.

Expressions of Interest close Thursday, 29 October. An Information Memorandum will be available to qualifying parties from 14 September, with inspections by appointment through LAWD or Veivers Property.

Following evaluation of Stage One offers, shortlisted parties will be invited to undertake due diligence and submit final binding offers.

Improvements include a substantial homestead complex, multiple additional residences and cottages, extensive machinery, hay and workshop shedding, stables, a campdraft arena and airstrip.