Friday, February 10, 2017

Glenrock Station sold to Chinese buyers for $45 million

Glenrock Station sold to Chinese buyers for $45 million

Sold: Glenrock Station.
Sold: Glenrock Station.
Glenrock Station, alongside James Packer’s Ellerston homestead, outside Scone, was quietly placed on the market by financiers in 2013.
The 30,000-hectare property deal exchanged on Friday with a Chinese buyer.
Under new laws introduced on March 1, the sale will be assessed by the Foreign Investment Review Board.
Glenrock was last purchased in 2005 by Phil Green and Tricom brokerage firm founder Lance Rosenberg in a syndicate which paid $23 million.