After nearly six months, the $30 million sale of two famous
Kimberley cattle stations to billionaires Andrew and Nicola Forrest was completed.
The news comes days after West Australian Lands Minister Ben Wyatt approved
the sale of Jubilee Downs and Quanbun to the Forrest Family Business.
In July, Forrests offered more than $30 million to secure high-profile pastoral leases to 14
stakeholders, including a group of traditional owners of Yi-Martuwarra who tried to block the deal.
The stations were formerly operated by a partnership between American billionaire and environmentalist Edward Bass and
Kimberley pastoralists Keith and Karen Anderson, who have been operating the property for more than 40 years.
“We are quite pleased it’s been ticked off but we’re not unhappy with the fact that there’s been a good process and good due diligence undertaken,” said general manager of agriculture Kim McDougall.
“We have the processing business at Harvey Beef, which is world class, supplying both domestic and international products, but also we have some other pastoral properties in the Pilbara and Gascoyne.
“We see the Jubilee Downs and Quanbun aggregation being an absolutely perfect fit and those cattle the Anderson’s have so skilfully bred over the years are going to be a perfect acquisition to our integrated business.”