This article is from the Australian Property Journal archive
A PROMINENT Gippsland dairy farming family has snapped up the Tallagandra farm for a figure believed to be higher than the expected $15 million-plus price tag, in the latest dairy farm sale in the Victorian region.
Located 15 minutes from Fish Creek, the 408-hectare Tallagandra was listed for sale in June by Graeme Cope, his wife Jenny and family after more than a decade of ownership.
The new owners – reportedly a family that owns and operates several dairy farms in the South Gippsland and broader Gippsland region – will continue running Tallagandra as a dairy farm.
The Cope family moved to the property 14 years ago and developed a high-quality dairy operation from the ground up, building all the shedding improving the soil biology across its 60 paddocks.
Improvements include two four-bedroom homes one fully renovated in 2015 and the other less than five years old, calf shed, two machinery sheds, and hay sheds, and two stockyards.
Tallagandra has large water storage with main a dam being 15 megalitres, plus solar pumps at two additional dams as well as three tributaries running through the property
Elsewhere in the Gippsland region, a private Australian global investor has recently paid at least $12 million for the Pine Hill dairy farm at Labertouche, which followed the completion of the Ace Dairy Holdings Gippsland dairy portfolio for a total of about $70 million. The portfolio comprised seven farms, four of which were picked up last year and this year by Canadian super fund PSP-backed Aurora Dairies, while the McDonald family and the Wade family also bought respective parts of the portfolio.
The Boyd family is bringing down the curtain on 140 years of ownership of East Gippsland livestock and cropping farm Stockdale Park.
Meanwhile, the entire Gippsland town of Coopers Creek was put up for sale by the Holyoak family with expectations of $2.5 million to $3 million.
