Wednesday, February 8th, 2012 - Landmark Harcourts
The iconic, irrigated dryland farming and cattle grazing property known as ‘Collymongle’ has been sold to the Zell Family of ‘Taroo’, Collarenebri.

Formally owned by the Kahlbetzer Family’s ‘Twynam Past Co’, this sale represents one of the largest value sales in NSW in the past 12 months.

‘Collymongle’ consists of approximately 35,600 hectares and is located in the Collarenebri District approximately 115km west of Moree and 30km east of Collarenebri on the Gwydir Highway. The property was originally part of the ‘Colly Cotton’ operation which was purchased by Twynam Past Co in 1999.

The Kahlbetzer family, whose wealth is estimated by BRW magazine at $772 million, is clearly winding down its agricultural empire in Australia, although Mr Kahlbetzer neither confirms nor denies this intention.

"We always review our options as they arise but there is nothing we are currently looking at [in agriculture]," he said.

The family has sold more than $400 million in agricultural land and water rights in the past four years.

The Zell family, consisting of Bill and Judy, Gavin and Jenny and Wayne Zell, have farmed as a family partnership in the district and built their farming business up over many years, putting themselves in a position to purchase "Collymongle", which is a tremendous achievement for a private enterprise.

The sale represents one of the largest value sales in NSW in the past 12 months and shows the faith Australian farming families have in Agriculture in Australia.

The sale was negotiated by Landmark's NSW Real Estate Manager, Phil Rourke and Landmark Harcourts Real Estate specialist, Paul Thomas working through the Moree branch. Rob Clayton, Landmark Regional Manager of Central NSW, assisted in the sale process as the liaison with the Zell family.

Negotiations were conducted over many months with a good result secured for both parties. The property is due to settle midway through this year following the picking of the current cotton crop.

For more information call Phil Rourke on 02 9912 3915 or email at [email protected]

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Phil Rourke, Landmark Harcourts

P: 02 9912 3915


rural real estate specialist



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