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THIS week’s property review includes this wrap-up of recently completed sales, and separate articles on interesting recent listings across the country. New ag fund secures CQ’s Arcturus Downs Peff’s secure CQ’s Melrose prior to auction Local family secures Mt Harden Aggregation Wyuna adds Qld property to its regenerative ag platform Cattle on Arcturus Downs New ag fund secures CQ’s Arcturus Downs A NEW diversified agricultural platform managed by Gunn Agri Partners has made it first purchase, securing the Arcturus Downs Aggregation in Queensland’s highly regarded Central Highlands. As reported on Monday, the Clean Energy Finance Corporation and Canadian pension fund and global investment group La Caisse (formerly CDPQ) have joined forces to launch the $250 million platform to generate Australian Carbon Credit Units, with Rio Tinto as a foundation off-taker. La Caisse has invested $200 million alongside CEFC’s $50 million commitment to create Meldora, which will be managed by Australian agriculture and natural capital asset manager, Gunn Agri Partners. It’s since been confirmed that the Arcturus Downs Aggregation in Queensland’s highly regarded Central Highlands region is the group’s first acquisition. Arcturus Downs Aggregation comprises three neighbouring properties – 7940ha Arcturus , 3848ha Kronje and 3813ha Barton – located 30km from Springsure and 60km from Emerald. Across the 15,600ha, the three holdings produce 1000ha of irrigated cotton, sorghum and mung beans, and 6852ha of dryland wheat, barley, chickpeas, sorghum, cotton and oats. It is understood cattle breeding and backgrounding will continue on the grazing land with a portion to be planted to native vegetation. Given the scale of the investment and the scope of the Meldora platform, Gunn Agri’s joint managing director Bradley Wheaton described the acquisition as uniquely ambitious. “Native vegetation will be restored and integrated in the landscape of an institutional-quality agricultural investment. Through diversification, across irrigation, dryland cropping and carbon credit generation, the investment model redefines the future of farming,” he said. The aggregation is benefitted by productive brigalow and deep alluvial scrub soils adjacent to the Comet River and Springsure Creek. Substantial water allocations include 3363ML (unsupplemented) from the Comet River, underpinned by additional overland flow water harvesting capabilities following high rainfall/river flow events. The aggregation has ten equipped bores, 14 dams, as well as permanent and seasonal waterholes, supported by 14,000ML of on-farm water storage in a reliable 685mm average annual rainfall region. An integrated grain storage complex has a combined capacity of 7850 tonnes, including a drive-over receival hopper, grain drier, out-loading facilities and a full-length 80t capacity weighbridge. Infrastructure includes two main homes, six cottages, staff quarters, numerous sheds, three cattle yards (two are new) and silage pits with 3000-tonnes of capacity. Pindari The Arcturus Downs Aggregation was part of the 34,944ha Arcturus Downs Portfolio offered to the market in September last year by UK interests after around 20 years of ownership. With three neighbouring holdings now sold, all that remains is the nearby 19,343ha Pindari that breeds and backgrounds cattle. It features open and plateau rangeland grazing capable of running 1500 breeders or 2250 Adult Equivalents. Pindari is watered by eight equipped bores, 54 dams and numerous permanent and seasonal waterholes. It also benefits from an irrigation bore with an annual allocation of 78ML to irrigate 20ha. Infrastructure includes a home, a cottage, a mustering hut, numerous sheds and four cattle yards. Peff’s secure CQ’s Melrose prior to auction Rockhampton-based Jocelyn and John Peff who own country near Wowan and Dululu have ended 141 years of Mills family ownership by securing Central Queensland breeding and finishing enterprise Melrose before auction. Offered by fifth generation vendors Jeff and Karen Mills, the 2959ha holding is located near Morinish, 60km north-west of Rockhampton, and was the last remaining parcel of land carved off a much larger holding spanning 4250ha. Elders agent Leah Freney was unable to disclose the buyer or the price paid, but said Melrose attracted strong local interest given it was situated in a tightly held area where virtually nothing had sold of that scale in the last 100 years. Melrose was settled by the Mackenzie/Mills family in 1884 and has been operating as a beef enterprise. Previously, home to a cattle stud, more recently it has focused on breeding high-grade commercial crossbred weaners. During the marketing campaign, the property was boasting an exceptional body of feed capable of running up to 800 adult equivalents. Ms Freney said the property had been meticulously maintained by the Mills family over the last 30 years. “There has been significant investment in pasture development, with around 257ha improved to pondage and a further 300ha planted to leucaena for finishing,” she said. Land types consist of box flats, silver leaved ironbark, brigalow, coolibah floodplains and softwood scrub. Melrose has around 2km of Fitzroy River frontage, a bore, 21 dams and some seasonal lagoons. Infrastructure includes a three-bedroom home, two cottages, a workers’ quarters, numerous sheds and cattle yards. Local family secures Mt Harden Aggregation AAM’s Mt Harden Aggregation in Queensland’s central west has changed hands, selling to a Queensland family for an undisclosed sum. Located 72km from Blackall, the 34,004ha spans three adjoining freehold properties – Mt Harden , Lowana and Morundah . Ray White Rural’s Bruce Douglas and Rural Property and Livestock agent Wally Cooper were unable to disclose the price paid or the buyer but described them as “a respected family whose long-term strategy is well aligned with the property’s strengths and future potential.” Mt Harden was offloaded by agricultural fund manager AAM after four years of ownership as it bows out of beef in the region to concentrate on sheep. Offered with a strong breeding, backgrounding and finishing history and capable of running more than 6000 adult equivalents, the aggregation had been running a high quality Ultrablack and composite cattle herd. The country a mix of brigalow with lightly shaded open Mitchell grass downs, coolibah creek channels and almost 6000ha of developed gidgee country growing prolific stands of buffel grass. Earlier this year, AAM managing director Garry Edwards told Beef Central during its four-year ownership, an extensive capital investment program had been undertaken across the portfolio. “There has been a significant focus on expanding both the capacity and availability of stock water and modernising the fencing infrastructure,” he said. Mt Harden is watered by a capped artesian bore, five sub bores and 26 dams. Infrastructure includes two homes, workers accommodation, numerous sheds, two cattle yards and extensive new internal fencing. Mr Edwards said the divestment of Mt Harden was part of a realignment of the company’s long-term investment strategy. History The Mt Harden Aggregation has changed hands several times in the last seven years. In 2018, coal mine veteran and rich lister Tony Haggarty who owns the 27,000ha historic Goonoo Goonoo Station near Tamworth, paid $13.4 million for the portfolio on a walk-in walk-out basis. Three years later, in October 2021, Mr Haggarty sold Mt Harden to the AAM Investment Group for $24.8m. Wyuna adds Qld property to its regenerative ag platform Australian Regenerative Ag Platform Wyuna has been named as the buyer of Bendena Station in south-west Queensland. The 60,700ha Bendena Station is located on the Nebine Creek, west of Bollon, and was sold in July with a 25-year Human-Induced Regeneration project that started in 2017. Wyuna operates a natural capital and regenerative ag platform, backed by a significant focus on vegetation-based carbon removals to support Australia’s transition to a low carbon economy. Bendena brings the Wyuna aggregation to 109,265ha across four holdings (Arlington, north of Bollon, Vincentia, west of Bollon and Lussvale, south of Mitchell) in south-west Queensland – estimated to create 2.2 million ACCUs over the life of the projects. CEO and co-founder Steve Green described Bendena as a grazing and natural capital powerhouse. “While it was one of the first carbon projects in Australia to register an environmental account under the Accounting for Nature Framework, Bendena is the first HIR project to achieve certification, establishing a baseline that provides valuable insight into how the state of nature can be monitored and improved over time,” he said. Alongside natural capital goals, Wyuna is running 2000 cows as part of its focus on sustainable red meat production.
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As reported on Monday, the Clean Energy Finance Corporation and Canadian pension fund and global investment group La Caisse (formerly CDPQ) have joined forces to launch the \$250 million platform to generate Australian Carbon Credit Units, with Rio Tinto as a foundation off-taker. La Caisse has invested \$200 million alongside CEFC’s \$50 million commitment to create **Meldora,** which will be managed by Australian agriculture and natural capital asset manager, Gunn Agri Partners. It’s since been confirmed that the Arcturus Downs Aggregation in Queensland’s highly regarded Central Highlands region is the group’s first acquisition. Arcturus Downs Aggregation comprises three neighbouring properties – 7940ha **Arcturus**, 3848ha **Kronje** and 3813ha **Barton** – located 30km from Springsure and 60km from Emerald. Across the 15,600ha, the three holdings produce 1000ha of irrigated cotton, sorghum and mung beans, and 6852ha of dryland wheat, barley, chickpeas, sorghum, cotton and oats. It is understood cattle breeding and backgrounding will continue on the grazing land with a portion to be planted to native vegetation. Given the scale of the investment and the scope of the Meldora platform, Gunn Agri’s joint managing director **Bradley Wheaton** described the acquisition as uniquely ambitious. [![](https://www.beefcentral.com/wp-content/uploads/2025/08/Te-Pari-Cattle-Yards-JAD-MREC-Sep25.gif)](https://www.tepari.com/au/permanent-steel-cattle-yards/?utm_source=Beef+Central&utm_medium=Home&utm_campaign=Spring+Yards)“Native vegetation will be restored and integrated in the landscape of an institutional-quality agricultural investment. Through diversification, across irrigation, dryland cropping and carbon credit generation, the investment model redefines the future of farming,” he said. The aggregation is benefitted by productive brigalow and deep alluvial scrub soils adjacent to the Comet River and Springsure Creek. Substantial water allocations include 3363ML (unsupplemented) from the Comet River, underpinned by additional overland flow water harvesting capabilities following high rainfall/river flow events. The aggregation has ten equipped bores, 14 dams, as well as permanent and seasonal waterholes, supported by 14,000ML of on-farm water storage in a reliable 685mm average annual rainfall region. An integrated grain storage complex has a combined capacity of 7850 tonnes, including a drive-over receival hopper, grain drier, out-loading facilities and a full-length 80t capacity weighbridge. Infrastructure includes two main homes, six cottages, staff quarters, numerous sheds, three cattle yards (two are new) and silage pits with 3000-tonnes of capacity. **Pindari** The Arcturus Downs Aggregation was part of the 34,944ha **Arcturus Downs Portfolio** offered to the market in September last year by UK interests after around 20 years of ownership. With three neighbouring holdings now sold, all that remains is the nearby 19,343ha **Pindari** that breeds and backgrounds cattle. It features open and plateau rangeland grazing capable of running 1500 breeders or 2250 Adult Equivalents. Pindari is watered by eight equipped bores, 54 dams and numerous permanent and seasonal waterholes. It also benefits from an irrigation bore with an annual allocation of 78ML to irrigate 20ha. Infrastructure includes a home, a cottage, a mustering hut, numerous sheds and four cattle yards. #### Peff’s secure CQ’s Melrose prior to auction Rockhampton-based Jocelyn and John Peff who own country near Wowan and Dululu have ended 141 years of Mills family ownership by securing Central Queensland breeding and finishing enterprise **Melrose** before auction. Offered by fifth generation vendors Jeff and Karen Mills, the 2959ha holding is located near Morinish, 60km north-west of Rockhampton, and was the last remaining parcel of land carved off a much larger holding spanning 4250ha. Elders agent Leah Freney was unable to disclose the buyer or the price paid, but said Melrose attracted strong local interest given it was situated in a tightly held area where virtually nothing had sold of that scale in the last 100 years. Melrose was settled by the Mackenzie/Mills family in 1884 and has been operating as a beef enterprise. Previously, home to a cattle stud, more recently it has focused on breeding high-grade commercial crossbred weaners. During the marketing campaign, the property was boasting an exceptional body of feed capable of running up to 800 adult equivalents. Ms Freney said the property had been meticulously maintained by the Mills family over the last 30 years. “There has been significant investment in pasture development, with around 257ha improved to pondage and a further 300ha planted to leucaena for finishing,” she said. Land types consist of box flats, silver leaved ironbark, brigalow, coolibah floodplains and softwood scrub. Melrose has around 2km of Fitzroy River frontage, a bore, 21 dams and some seasonal lagoons. Infrastructure includes a three-bedroom home, two cottages, a workers’ quarters, numerous sheds and cattle yards. #### Local family secures Mt Harden Aggregation AAM’s **Mt Harden Aggregation** in Queensland’s central west has changed hands, selling to a Queensland family for an undisclosed sum. Located 72km from Blackall, the 34,004ha spans three adjoining freehold properties – **Mt Harden**, **Lowana** and **Morundah**. Ray White Rural’s Bruce Douglas and Rural Property and Livestock agent Wally Cooper were unable to disclose the price paid or the buyer but described them as “a respected family whose long-term strategy is well aligned with the property’s strengths and future potential.” Mt Harden was offloaded by agricultural fund manager AAM after four years of ownership as it bows out of beef in the region to concentrate on sheep. Offered with a strong breeding, backgrounding and finishing history and capable of running more than 6000 adult equivalents, the aggregation had been running a high quality Ultrablack and composite cattle herd. The country a mix of brigalow with lightly shaded open Mitchell grass downs, coolibah creek channels and almost 6000ha of developed gidgee country growing prolific stands of buffel grass. Earlier this year, AAM managing director Garry Edwards told Beef Central during its four-year ownership, an extensive capital investment program had been undertaken across the portfolio. “There has been a significant focus on expanding both the capacity and availability of stock water and modernising the fencing infrastructure,” he said. Mt Harden is watered by a capped artesian bore, five sub bores and 26 dams. Infrastructure includes two homes, workers accommodation, numerous sheds, two cattle yards and extensive new internal fencing. Mr Edwards said the divestment of Mt Harden was part of a realignment of the company’s long-term investment strategy. **History** The Mt Harden Aggregation has changed hands several times in the last seven years. In 2018, coal mine veteran and rich lister Tony Haggarty who owns the 27,000ha historic **Goonoo Goonoo Station** near Tamworth, paid \$13.4 million for the portfolio on a walk-in walk-out basis. Three years later, in October 2021, Mr Haggarty sold Mt Harden to the AAM Investment Group for \$24.8m. #### Wyuna adds Qld property to its regenerative ag platform Australian Regenerative Ag Platform Wyuna has been named as the buyer of **Bendena Station** in south-west Queensland. The 60,700ha **Bendena Station** is located on the Nebine Creek, west of Bollon, and was sold in July with a 25-year Human-Induced Regeneration project that started in 2017. Wyuna operates a natural capital and regenerative ag platform, backed by a significant focus on vegetation-based carbon removals to support Australia’s transition to a low carbon economy. Bendena brings the Wyuna aggregation to 109,265ha across four holdings (Arlington, north of Bollon, Vincentia, west of Bollon and Lussvale, south of Mitchell) in south-west Queensland – estimated to create 2.2 million ACCUs over the life of the projects. CEO and co-founder Steve Green described Bendena as a grazing and natural capital powerhouse. “While it was one of the first carbon projects in Australia to register an environmental account under the Accounting for Nature Framework, Bendena is the first HIR project to achieve certification, establishing a baseline that provides valuable insight into how the state of nature can be monitored and improved over time,” he said. Alongside natural capital goals, Wyuna is running 2000 cows as part of its focus on sustainable red meat production. Get Property news headlines emailed to you - FREE\! 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THIS week’s property review includes this wrap-up of recently completed sales, and separate articles on interesting recent listings across the country. - New ag fund secures CQ’s Arcturus Downs - Peff’s secure CQ’s Melrose prior to auction - Local family secures Mt Harden Aggregation - Wyuna adds Qld property to its regenerative ag platform ![](https://www.beefcentral.com/wp-content/uploads/2024/09/Arcturus-cattle-05-Sept-2024.png) Cattle on Arcturus Downs #### New ag fund secures CQ’s Arcturus Downs A NEW diversified agricultural platform managed by Gunn Agri Partners has made it first purchase, securing the **Arcturus Downs Aggregation** in Queensland’s highly regarded Central Highlands. As reported on Monday, the Clean Energy Finance Corporation and Canadian pension fund and global investment group La Caisse (formerly CDPQ) have joined forces to launch the \$250 million platform to generate Australian Carbon Credit Units, with Rio Tinto as a foundation off-taker. La Caisse has invested \$200 million alongside CEFC’s \$50 million commitment to create **Meldora,** which will be managed by Australian agriculture and natural capital asset manager, Gunn Agri Partners. It’s since been confirmed that the Arcturus Downs Aggregation in Queensland’s highly regarded Central Highlands region is the group’s first acquisition. Arcturus Downs Aggregation comprises three neighbouring properties – 7940ha **Arcturus**, 3848ha **Kronje** and 3813ha **Barton** – located 30km from Springsure and 60km from Emerald. Across the 15,600ha, the three holdings produce 1000ha of irrigated cotton, sorghum and mung beans, and 6852ha of dryland wheat, barley, chickpeas, sorghum, cotton and oats. It is understood cattle breeding and backgrounding will continue on the grazing land with a portion to be planted to native vegetation. Given the scale of the investment and the scope of the Meldora platform, Gunn Agri’s joint managing director **Bradley Wheaton** described the acquisition as uniquely ambitious. [![](https://www.beefcentral.com/wp-content/uploads/2025/08/Te-Pari-Cattle-Yards-JAD-MREC-Sep25.gif)](https://www.tepari.com/au/permanent-steel-cattle-yards/?utm_source=Beef+Central&utm_medium=Home&utm_campaign=Spring+Yards)“Native vegetation will be restored and integrated in the landscape of an institutional-quality agricultural investment. Through diversification, across irrigation, dryland cropping and carbon credit generation, the investment model redefines the future of farming,” he said. The aggregation is benefitted by productive brigalow and deep alluvial scrub soils adjacent to the Comet River and Springsure Creek. Substantial water allocations include 3363ML (unsupplemented) from the Comet River, underpinned by additional overland flow water harvesting capabilities following high rainfall/river flow events. The aggregation has ten equipped bores, 14 dams, as well as permanent and seasonal waterholes, supported by 14,000ML of on-farm water storage in a reliable 685mm average annual rainfall region. An integrated grain storage complex has a combined capacity of 7850 tonnes, including a drive-over receival hopper, grain drier, out-loading facilities and a full-length 80t capacity weighbridge. Infrastructure includes two main homes, six cottages, staff quarters, numerous sheds, three cattle yards (two are new) and silage pits with 3000-tonnes of capacity. **Pindari** The Arcturus Downs Aggregation was part of the 34,944ha **Arcturus Downs Portfolio** offered to the market in September last year by UK interests after around 20 years of ownership. With three neighbouring holdings now sold, all that remains is the nearby 19,343ha **Pindari** that breeds and backgrounds cattle. It features open and plateau rangeland grazing capable of running 1500 breeders or 2250 Adult Equivalents. Pindari is watered by eight equipped bores, 54 dams and numerous permanent and seasonal waterholes. It also benefits from an irrigation bore with an annual allocation of 78ML to irrigate 20ha. Infrastructure includes a home, a cottage, a mustering hut, numerous sheds and four cattle yards. #### Peff’s secure CQ’s Melrose prior to auction Rockhampton-based Jocelyn and John Peff who own country near Wowan and Dululu have ended 141 years of Mills family ownership by securing Central Queensland breeding and finishing enterprise **Melrose** before auction. Offered by fifth generation vendors Jeff and Karen Mills, the 2959ha holding is located near Morinish, 60km north-west of Rockhampton, and was the last remaining parcel of land carved off a much larger holding spanning 4250ha. Elders agent Leah Freney was unable to disclose the buyer or the price paid, but said Melrose attracted strong local interest given it was situated in a tightly held area where virtually nothing had sold of that scale in the last 100 years. Melrose was settled by the Mackenzie/Mills family in 1884 and has been operating as a beef enterprise. Previously, home to a cattle stud, more recently it has focused on breeding high-grade commercial crossbred weaners. During the marketing campaign, the property was boasting an exceptional body of feed capable of running up to 800 adult equivalents. Ms Freney said the property had been meticulously maintained by the Mills family over the last 30 years. “There has been significant investment in pasture development, with around 257ha improved to pondage and a further 300ha planted to leucaena for finishing,” she said. Land types consist of box flats, silver leaved ironbark, brigalow, coolibah floodplains and softwood scrub. Melrose has around 2km of Fitzroy River frontage, a bore, 21 dams and some seasonal lagoons. Infrastructure includes a three-bedroom home, two cottages, a workers’ quarters, numerous sheds and cattle yards. #### Local family secures Mt Harden Aggregation AAM’s **Mt Harden Aggregation** in Queensland’s central west has changed hands, selling to a Queensland family for an undisclosed sum. Located 72km from Blackall, the 34,004ha spans three adjoining freehold properties – **Mt Harden**, **Lowana** and **Morundah**. Ray White Rural’s Bruce Douglas and Rural Property and Livestock agent Wally Cooper were unable to disclose the price paid or the buyer but described them as “a respected family whose long-term strategy is well aligned with the property’s strengths and future potential.” Mt Harden was offloaded by agricultural fund manager AAM after four years of ownership as it bows out of beef in the region to concentrate on sheep. Offered with a strong breeding, backgrounding and finishing history and capable of running more than 6000 adult equivalents, the aggregation had been running a high quality Ultrablack and composite cattle herd. The country a mix of brigalow with lightly shaded open Mitchell grass downs, coolibah creek channels and almost 6000ha of developed gidgee country growing prolific stands of buffel grass. Earlier this year, AAM managing director Garry Edwards told Beef Central during its four-year ownership, an extensive capital investment program had been undertaken across the portfolio. “There has been a significant focus on expanding both the capacity and availability of stock water and modernising the fencing infrastructure,” he said. Mt Harden is watered by a capped artesian bore, five sub bores and 26 dams. Infrastructure includes two homes, workers accommodation, numerous sheds, two cattle yards and extensive new internal fencing. Mr Edwards said the divestment of Mt Harden was part of a realignment of the company’s long-term investment strategy. **History** The Mt Harden Aggregation has changed hands several times in the last seven years. In 2018, coal mine veteran and rich lister Tony Haggarty who owns the 27,000ha historic **Goonoo Goonoo Station** near Tamworth, paid \$13.4 million for the portfolio on a walk-in walk-out basis. Three years later, in October 2021, Mr Haggarty sold Mt Harden to the AAM Investment Group for \$24.8m. #### Wyuna adds Qld property to its regenerative ag platform Australian Regenerative Ag Platform Wyuna has been named as the buyer of **Bendena Station** in south-west Queensland. The 60,700ha **Bendena Station** is located on the Nebine Creek, west of Bollon, and was sold in July with a 25-year Human-Induced Regeneration project that started in 2017. Wyuna operates a natural capital and regenerative ag platform, backed by a significant focus on vegetation-based carbon removals to support Australia’s transition to a low carbon economy. Bendena brings the Wyuna aggregation to 109,265ha across four holdings (Arlington, north of Bollon, Vincentia, west of Bollon and Lussvale, south of Mitchell) in south-west Queensland – estimated to create 2.2 million ACCUs over the life of the projects. CEO and co-founder Steve Green described Bendena as a grazing and natural capital powerhouse. “While it was one of the first carbon projects in Australia to register an environmental account under the Accounting for Nature Framework, Bendena is the first HIR project to achieve certification, establishing a baseline that provides valuable insight into how the state of nature can be monitored and improved over time,” he said. Alongside natural capital goals, Wyuna is running 2000 cows as part of its focus on sustainable red meat production.
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