DomaCom partners to keep cattle empire in Australian hands
Tuesday, 24 May 2016 12:27pm
     

Following fears that Australia's massive Kidman cattle station would be sold to overseas investors, fractional property investment fund DomaCom has announced a partnership and a potential solution.


DomaCom has partnered with in an effort to get smaller retail investors to "fractionally" buy pieces of Australia's largest private landholding.
At this stage, DomaCom has managed to raise $75 million from 5,500 investors.


"Our target is now only $210 million, and as the Federal Government is clearly concerned about Kidman slipping into foreign ownership, then we firmly believe there is a realistic opportunity to buy this massive pastoral station locally,"


"At a price of $210 million, it would give investors a gross rent of 3.9% in addition to capital growth, low volatility and the opportunity to keep an Australian agricultural icon in local hands."

"What the DomaCom campaign has clearly demonstrated from the beginning is that there is genuine public interest in keeping Kidman in Australian hands, and that 'mum and dad' investors want to have a stake in this country's agricultural heritage."


"On the business side we expect to see significant interest from equity funds and professional investors keen to capitalise on the growing worldwide demand for Australian beef."