Lawyer and vineyard owner Peter Yunghanns has sold Fiskville’s Yaloak Estate for a speculated $60 million.
The 5071 hectare property nearly 80 kilometres north west of Melbourne is trading to Harvest Agriculture, a subsidiary of a China backed company, according to this item in The Australian.
The purchaser is directed by 25 year old Yingzi Xu, it adds.
Yaloak Estate’s guide when it hit the market last August was $50 million-plus.
Yaloak Estate was marketed as “the biggest land bank sale in recent history”.
About 2003 hectares of the holding is arable (story continues below).
It also contains an 1890s homestead with six bedrooms and a library overlooking a lake, seven more dwellings and a wind farm which, care of an agreement, derives an income.
Mr Yunghann’s established the Yalouk Polo Club tournament at the parcel 40 years ago.
Cropping and grazing enterprises are also conducted from the property.
Colliers International’s Duncan McCulloch and James Beer with Kidder Williams’ David Williams and Tim Faulkner were the marketing agents.
Fiskville is about 60 kilometres north of Geelong.