Sydney Pub Baron John Lewis buys Giro Station cattle farm near Gloucester, NSW
The disclaimer relates to a contract to sell the land to Bell Private Equity.
Mr Lewis, who paid $ 40 million in May for the Ramada Hotel & Suites in Cabramatta in southwest Sydney, did not respond to a request for comment.
Its Lewis Hotels group owns and operates nine hotels in Sydney, including Kings Cross nightclub, the Vegas Hotel (purchased for approximately $ 32 million in 2015), the Royal Exchange Hotel in Marrickville and the Kogarah Tavern.
Seller Carneys paid $ 7 million for the Giro station when they bought it from another longtime owner, Peter Carmichael, in 1995. The sale included 3,500 head of cattle. They operated it alongside two other neighboring properties, before selling them and leasing the Giro station (since 2008).
In the 1960s, Giro Station was owned by American businessman Randolph Galt, who married actress Anne Baxter in 1961.
Mrs. Baxter, the granddaughter of architect Frank Lloyd Wright, won an Oscar for Best Supporting Actress in 1946 in Razor blade and was also nominated in 1951 for Best Actress in the Title Role of the Classic Drama All about Eve.
Ms. Baxter lived for a time at Giro Station before moving with her husband and family to a ranch in New Mexico. The couple divorced in 1969.
When it went on sale last year, Mr Triggs said Giro Station was one of the “most historic and valuable holdings” of the Mid North Coast.
“It has beautiful, spectacular hills, rolling to fertile and unspoiled valleys
rivers with a high production capacity supported by heavy rainfall, ”said Mr. Triggs.
Located about a four hour drive from Sydney, Giro Station has a double frontage on the Barnard and Myall rivers. Numerous streams and tributaries cross the property. which also has an extensive network of surface dams.
Known as a “calf factory”, the Giro station has the capacity to boost production
to more than 2000 breeding cows
The sale included a newly renovated four- to five-bedroom family property and two staff cabins, all overlooking the Barnard River.
The acquisition of Giro Station by Mr. Lewis and his wife continues a trend of high net worth investors to buy top notch cattle stations amid record beef prices.
Ownership records show that Bell Private Equity owns Buttaba, a 195-hectare grazing farm near Seal Rocks on the central north coast, and another 94-hectare farm in nearby Bungwahl.
In 2018, Mr. Lewis and his wife paid $ 20 million for the Elizabeth Bay Ashton House mansion.