Monster truck loving sheikh sells Northern Territory’s Idracowra cattle station to neighbour for $10.1 million

Oil industry billionaire, sheikh Hamad bid Hamdan Al Nahyah, has sold Northern Territory’s Idracowra cattle station to a neighbouring pastoral family for $10.1 million. The 462,800 hectare property had a reserve price of $7 million. The United Arab Emirates-based vendor was represented by Geoff Warriner and Chris Holgar – both of JLL’s Brisbane office –

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Billionaire sheikh lists 462,800 hectare Alice Springs cattle station

Billionaire sheikh, United Arab Emirates-based oil industry mogul Hamad bin Hamdan Al Nahyah, is selling the enormous Idracowra cattle station, south of Alice Springs. The 462,800 hectare holding will be auctioned with a reserve price of $7 million. Idracowra is being offered on a walk-in, walk-out basis. JLL’s recently appointed directors of agribusiness, long-time colleagues

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Peter Garrett Defers Decision to Ban Uluru Rock Climbing

Peter GarrettUluruTOURISM operators in Alice Springs have been delivered good news, after Federal Environment Minister Peter Garrett deferred a decision which would have banned people from climbing Uluru, which used to be called Ayers Rock.

It’s claimed the speculated 100,000 climbers per month were littering and defecating on the rock, during the climb, which also risks eroding the 348-metre rock.

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Tower Planned For Car Park Next Door to Darwin’s Novotel Hotel

PLANS for a 14-level, $50 million apartment block have been earmarked for a site next door to the Novotel Hotel in Darwin.

The new tower, proposed by property developer John Halikos, will see the hotel car park converted into a building containing 21 one-bedroom apartments, 54 two-bedroom units and 36 three-bedroom units. The development would include three levels of car parking, including two built into a basement.

Hakinos paid $24 million for the 4-star Novotel hotel in September (refer previous article below).

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Halikos Group Buys Darwin’s Novotel Atrium Hotel For $24 Million

DARWIN’s Novotel Atrium Hotel, at 100 The Esplanade on Darwin Harbour, has sold to private investors the Halikos Group for $24 million.

The 140-room, 4.5 star hotel was offloaded by Tourism Property Investment Group, and was sold with a 17-year management agreement to Accor, according to selling agents Colliers International.

Halikos Group managing director Shane Dignan said the purchase was “in line with a strategy to refresh the group’s property portfolio and seek prudent investments in the Northern Territory.”

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Revised Plans for Darwin’s Former Commonwealth Bank Office Site

REVISED concept plans have been released for a luxury mixed use development, within the wals of the former Commonwealth Bank building in Darwin’s CBD. Sydney-based Tanner Architects has been appointed to design the new tower, which is being developed by the Commonwealth Hotel and Residences development, and Fannie Bay Investments Philip Grice. The development, which was

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