Collinsville stud owners buy historic Kadlunga

New Kadlunga owners to offer cropping land for sale

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Historic Clare Valley property Kadlunga has been sold to Collinsville stud breeders George and Sophie Millington.

Historic Clare Valley property Kadlunga has been sold to Collinsville stud breeders George and Sophie Millington.

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In one of the state's largest ever off-market transactions Collinsville stud principals George and Sophie Millington, Hallett, have bought historic property Kadlunga.

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MID North Merino breeders George and Sophie Millington have expanded their operations buying historic Clare Valley gem Kadlunga.

A purchase price for the 3923 hectares at Mintaro has not been disclosed, but it is believed to be one of the state's largest ever off-market transactions.

Prominent NT pastoralist Tim Edmunds and his family bought Kadlunga for about $20 million just two years ago but at the time it was about two thirds smaller.

The Edmunds have added another 1600ha, and made significant improvements to the homestead and farming infrastructure.

"Kadlunga is a very special place and we are very proud of the contribution we have made to improving it", Mr Edmunds said.

"We had not intended to realise our investment this early, however we have decided to exit on the basis that the terms negotiated with Mr Millington are very fair and this sale will ensure that this truly iconic asset will be placed into the hands of a terrific South Australian farming family."

The Millingtons, who bought the iconic Collinsville stud in 2014 , said the purchase would enhance their production diversity and enable them to produce grain and fodder in some of SA's most reliable country.

"The acquisition will therefore allow us to expand our operations and support our strategic objective of consistently breeding the highest quality Australian Merino sheep for our customers nationwide year-in year-out"," Mr Millington said.

"Kadlunga will be a wonderful asset for our family for generations to come."

Elders general manager real estate Tom Russo along with Elders state rural real estate manager Phil Keen negotiated the transaction.

Mr Russo said it was a "visionary acquisition"

"It is always fantastic to help our clients achieve their visions particularly to see SA farming families growing their businesses," he said.

"It's exciting to see such a strong level of confidence and willingness to invest in the future of Merino breeding from one of our state's most passionate and progressive producers",

Mr Russo said nearly 1000ha of cropping land which was not of "strategic importance" to the Millingtons would be onsold.

Nearly 1000 hectares of cropping land included in the Kadlunga sale will be put on the market for expressions of interest.

Nearly 1000 hectares of cropping land included in the Kadlunga sale will be put on the market for expressions of interest.

The aggregation known as Sunhill and Drumcalpin has just hit the market for sale by expression of interest.

The 992.98ha can be divided between four main farms across seventeen titles, which can be operated separately or as a whole.

Mr Russo expects very strong buying interest with demand far outstripping supply of quality farmland, especially in the tightly held Clare Valley.

"This is a genuinely rare and compelling opportunity for existing farmers in the district and potential new entrants looking for instant scale", Mr Russo said.

Expressions of interest close on July 24.


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