Telopea Downs, Victoria’s largest farm, up for sale from A$100 million by international EOI

Kalynskye Adrian

/ EdgeProp Singapore

October 10, 2025 4:30 PM SGT

propertyeditor@edgeprop.sg

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A livestock facility in Telopea Downs. (Photo: Colliers)

The largest grazing and cropping property in Victoria, Telopea Downs, has been put up for sale via an international expressions of interest (EOI) exercise, according to Colliers, which is handling the transaction.

Colliers has not disclosed a guide price. However, according to a report by ABC News, industry sources estimate that the property could fetch upwards of A$100 million ($85.1 million). Separately, AuctionsPlus, an online agricultural marketplace, cited the current owner — AJ & PA McBride’s accounts — valuing the asset at up to A$123 million ($104.7 million).

Located on the border of Victoria and South Australia, between the towns of Kaniva and Bordertown, Telopea Downs spans 11 adjoining properties — 10 in Victoria and one extending into South Australia.

The property is being divested by sixth-generation woolgrower AJ & PA McBride, who acquired it in 2018 from Hassad Australia for over A$70 million. Hassad Australia — a subsidiary of Qatar’s sovereign wealth fund Hassad Food — had purchased the asset in 2012 as part of its strategy to expand its Australian agricultural portfolio for sheep breeding.

Covering a vast 47,660ha of grazing and cropping land, Telopea Downs features irrigation development and a strong record of land and pasture improvement. “Over 27,000ha have been clay-improved, alongside fencing and water infrastructure upgrades,” says Jesse Manuel, national director of agribusiness transaction services at Colliers. “Extensive ongoing renovations continue to enhance the property’s carrying capacity.”

Currently, the property supports around 85,000 Merino and crossbred sheep and 1,100 cattle, with a long-term carrying capacity exceeding 100,000 dry sheep equivalents (DSE).

Telopea Downs also holds 2,325 megalitres of water entitlements for irrigation — supporting fodder, seed, and horticultural production as well as livestock operations. The property benefits from high-quality and accessible groundwater that enables a diversified range of large-scale farming enterprises.

“With its temperate climate, moderate rainfall, and irrigation potential, the property would add tremendous value to a range of supply chain operations, from breeding to backgrounding,” adds Tim Altschwager, Colliers’ national director for agribusiness transaction services.

The EOI closes at 12pm (Australian Eastern Daylight Time or AEDT) on Nov 21.

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