Australia’s biggest property owner Gina Rinehart is selling almost two million hectares of her holdings in a breath-taking move to dispose of many of her stations across northern Australia.
Seven big stations in Western Australia and the Northern Territory covering some 1.876 million hectares are on the market in what is believed the biggest single agricultural portfolio ever to be offered up in Australia.
The massive sale does not end Ms Reinhart’s pastoral ambitions, analysts believe.
The sale simply makes her empire, still spanning eight million hectares (after the sale), more manageable.
Ms Rinehart became one of this country’s biggest beef producers in 2016 when Hancock Prospecting acquired the S Kidman and Company cattle properties…