Australia-Outstanding beef properties for sale.

AUSTRALIA-MORE BEEF OPERATIONS UP FOR GRABS.

The debt-laden, ASX-listed Great Southern has put its three prize cattle stations across northern Australia on the market for a price expected to be well over $100 million.

According to The Australian Financial Review, the sale includes 100,000 branded cattle and is expected to be the biggest official public offering since AMP offered the Stanbroke portfolio in 2003.

The move comes after Great Southern, which has $105 million in debt due to be repaid by October, gained shareholder approval to issue new shares in return for its beef cattle projects.

The 660,800-hectare Moola Bulla at Halls Creek in Western Australia, is the largest holding offered, closely followed by the 596,430-hectare Wrotham Park at Chillagoe in Queensland. The third property is the 182,000-hectare Chudleigh Park at Hughenden, Queensland, which Great Southern bought from Starwell Pty Ltd in 1994.