Toymaker buys major equestrian centre
Peregrine Adventures founder Rob McNaught has sold Mornington Peninsula equestrian centre Boneo Park after 21 months and an agent change.
The 318 hectare Green Wedge zoned Boneo property fetched a speculated $28 million from Moose Toys chief executive officer, Paul Solomon and his wife, Georgia, via their Duncraig Capital.
Mr McNaught developed the complex, home to the Australian Jumping Championships, in 2006 starting with an agistment and indoor arena.
A café, restaurant and function centre are newer additions, from 2019.
Nash Advisory & Capital’s Thomas Butler and Harry Bahr brokered the deal – recently replacing Colliers.
Use unchanged
One of the Mornington Peninsula’s biggest blocks, Boneo Park, at the Rosebud border, was marketed for its potential to be repurposed as a health and wellbeing, or ecotourism offering.
Some 200ha is wetlands – since 2013 covered by a Trust for Nature covenant (story continues below).
This component includes much of the ex-Hiscock Estate Mr McNaught bought in 2001 from the Hiscock family, which held 80 years.
The equestrian centre was built on a market garden site acquired in 2004.
The Solomons intend to continue the property’s use.
Peregrine sold to Intreprid Travel in 2012.
Mr Solomon is the stepson of Moose Toys founder, billionaire, Manny Stul – in 2016 the first Australian to win the EY World Entrepreneur of the Year.
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