Australia's largest contiguous sheep station sold to Adelaide businessman
Nearly 1.3 million hectares of the South Australian outback has been bought by billionaire Adelaide businessman Charlie Shahin, whose family founded the OTR petrol station and convenience store network.
Australia's largest contiguous sheep station has been purchased by billionaire Adelaide businessman Charlie Shahin. The three South Australian properties - Commonwealth Hill, Mobella and Bulgunnia - together cover nearly 1.3 million hectares. The stations, owned by the MacLachlan family, were sold by Jumbuck Pastoral, a company that has been in operation since 1888.
The Shahin family, who founded the OTR petrol station and convenience store network, has a combined wealth of $1.93 billion, placing them among the top 95 richest individuals in Australia. The sale was finalized last year after the properties were on the market for around two months. Elders Real Estate, which handled the sale, noted the stations were some of the largest sheep properties ever offered for sale and were attractive to both domestic and international investors.
The Shahin family plans to continue operating the stations as a sheep enterprise, potentially introducing new livestock such as dorpers.
Written by urgent.news from ABC News AU's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
