Investment

Kahlbetzer family hooks foreign buyers for Twynam farms

9 April 2018

Nick Lenaghan, The Financial Review
9 April 2018

Buyers from the United States and the Netherlands have bought three NSW farms put on the market by the wealthy Kahlbetzer family for more than $115 million in total.

The Lachlan River frontage properties were the first to be offered to the market subject to Australia’s new foreign investment selling rules, introduced in February to ensure opportunity for local investors and farmers.

The properties, Jemalong Station and Jemalong Citrus at Forbes and Merrowie at Hillston, were held by the Kahlbetzers’ Twynam Agricultural Group.

They had been quietly offered for sale and had caught the attention of foreign investors, but under the new rules they had to be advertised publicly for at least 30 days.

Read full article here.