General
Australian family, backed by one of South Africa’s richest men, buys Larrizona Station for $17 million
An Australian family, backed by one of South Africa’s richest men, has bought its sixth Northern Territory cattle property, acquiring Larrizona Station for $17 million.
Key points:
Pierre and Luciana Langenhoven add the 70,000 hectare Sturt Plateau station to their growing list of properties, which include Kalala, Tanumbirini, Forrest Hill, Mt McMinn and Big River Stations.
Since mid-2018 the family has spent more than $150 million buying more than 1.1 million hectares of Top End cattle country.
Larrizona Station, 165 kilometres south of Katherine, was sold walk-in-walk-out with around 7,000 head of Brahman cattle.
ABC Rural understands the sale needed the approval of the Foreign Investment Review Board, due to the involvement of Giovanni…
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