CPC strikes multi-million-dollar deal on NT property

ABC Rural: Carmen BrownConsolidated Pastoral Company has agreed to sell the Northern Territory's Manbulloo Station to an investment group with some foreign interests and lease it back, in a deal understood to be worth more than $25 million.

Manbulloo Station covers 370,910 hectares just outside Katherine, with 60 kilometres of Katherine River frontage and access to the Victoria Highway."There's not much I can tell, other than they have land interests in the Americas and believe in the opportunities of northern Australia," he said. "We are running just over 20,000 head of cattle on the property this year and we wanted to continue to be able to operate that property," he said.

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