This article is from the Australian Property Journal archive
EXCLUSIVE: A LOCAL family has quietly snapped up Eliza Park, one of the Victoria’s leading thoroughbred studs from a Hong Kong investor.
Antony and Katie Thompson had leased the Kerrie property from Hong Kong diversified investor Imperium Financial and have acquired the property located at 56 and 146 Mt Eliza Road, Kerrie for $7 million.
Imperium Financial is in the business of lending, securities and futures brokerage, asset management services, properties investment, investment in stallions, production and sales of portable electronic appliances and home appliances and cryptocurrency mining.
The deal was negotiated by Inglis Rural Property’s Jamie Inglis and Mark Webster.
Established in 1997 by the previous owner Lee Fleming of the Fleming Group, the property comprises 172 hectares and has developed into one of the pre-eminent racehorse breeding, agistment and pre-training establishments in Australia.
The property includes a 1600 metre track and facilities for 12 stallions, 300 mares, 120 yearlings.
It also hosts a burgeoning racing division with two training tracks and the capacity for 100 breakers & pre trainers, at any one time.
Prior to the acquisition, the Thompsons had leased the property at an annual rental of $315,187 +GST per year.
The sale price represents a premium to value of $5.3 million.
Imperium Financial said the sale allows the company to realise its investment focus its resources in developing the other business segments of the group.