This article is from the Australian Property Journal archive
ONE of South Africa’s richest men, Giovanni Ravazzotti, has backed another major top end cattle station acquisition by the Langenhoven family.
Australians Pierre and Luciana Langenhoven – Luciana is the daughter of Giovanni Ravazzotti – have picked up Northern Territory cattle property Larrizona Station for $17 million in the Sturt Plateau.
Located 165kms south of Katherine, the 70,000 hectare station sold on a walk-in-walk-out bases with about 7,000 head of Brahman cattle.
The family has spent over $150 million since the middle of 2018 accumulating more than 1.1 million hectares of cattle land in the region. Twelve months ago, Ravazzotti backed the $70 million acquisition of Tanumbirini and Forrest Hill, which encompass more than 559,000 hectares combined and can carry up to 40,000 cattle.
In 2018, it paid $58 million for the 376,000 hectare Kalala station, and bought Mt McMinn for $7.5 million and Big River Station for $5 million.
Born in Italy, Giovanni Ravazzotti founded ceramics company Italtile after moving to Johannesburg. Forbes has estimated his worth at around $500 million.
The Lester family had developed Larrizona Station over 20 years and will remain at the station on a sublease until the end of June.
In recent weeks, the historic Wave Hill and Cattle Creek Stations property, encompassing 1.25 million hectares in the Northern Territory’s Victoria River District, sold for $104 million to a syndicate featuring South Australia’s Jumbuck Pastoral Co.
