SUPPLIED | CBRE
THE 4,447ha Condamine River portfolio in Queensland’s Western Downs region has been sold to 10 local operators by Aberdare Collieries, a wholly owned subsidiary of CS Energy.
Aberdare Collieries owns and operates the Kogan Creek open cut coal mine adjoining CS Energy’s coal-fired power station.
CBRE Agribusiness’s Edward O’Dwyer brokered the sale of the portfolio, involving nine aggregations in the Hopelands, Boonarga and Brigalow districts, via an Expression of Interest campaign.
“CS Energy was determined to sell the portfolio to high calibre local operators with deep connections to the Condamine River and the greater Chinchilla district who will continue as custodians of the land,” O’Dwyer said.
“We had over 110 enquiries in Stage 1 of the EOI campaign, resulting in 25 parties being taken through to Stage 2.
“Our team’s local market knowledge and personalised approach played a crucial role in securing a successful outcome for all parties involved.
“We would like to extend our gratitude to both the seller and the suite of buyers for placing their trust in us throughout this process.
“As a result of our ongoing engagements, we have expanded our opportunities to include both on and off-market listings within the greater Western Downs region.
“Furthermore, we are actively seeking opportunities through a buy-side mandate and invite individuals and entities to connect with us if they possess assets or partial holdings that they are eager to divest in the near to medium term.”