ONE of the most highly regarded thoroughbred studs in the country, owned by the ruler of Dubai, could change hands for about $12 million.
Time is almost up on Inglis Rural Property’s expressions of interest campaign for the famed 1011-hectare, “Twins Hills” stud at Cootamundra.
The farm is part of the Godolphin racing empire which is owned by Sheikh Mohammed bin Rashid Al Maktoum – the ruler of Dubai.
“It’s a top tier farm but it represents excellent value having had extensive value added over a 40 year period,” said Inglis Rural Property agent Sam Triggs.
The farm conservatively carries approximately 250 broodmares, 150 yearlings and over 150 breeding cows and followers.
Infrastructure on the stud complex comprises a Howard Tanner designed stallion barn, mare complex and yearling barns. Each barn comes with its own stabling infrastructure which totals more than 100 boxes. These improvements are further supported by 1011ha of prime agricultural country which includes lakes.
It’s expected “Twin Hills” will be snapped up by an international horseracing outfit but it’s possible it could sell to an investor keen to pursue their agricultural interests.
“It could go to a Chinese or Japanese national or even a group from the northern Hemisphere looking for a southern base to shuttle their stallions to during the off-season. Alternatively, it’s got a lot of cattle and accommodation which could be pursued,” Mr Triggs said.
A large Australian player could also buy it to establish their own base.
“Twin Hills” is one of many to thoroughbred studs to change hands this year, with Mr Triggs describing horse studs as a growth area for Inglis Rural Property.
“Internationals are attracted to the Australian market because the prize money is better here compared to Europe and also because it’s hard to own horses in China, Hong Kong and Japan,” he said.
Twin Hills has been owned by several of Australia’s thoroughbred industry powerhouses. It was initially developed by Ferd Calvin. Prominent media personality Mike Willesee later secured it and rebranded under the name ‘Transmedia Park Stud’. He later sold to well-known businessmen Jack and Bob Ingham. The Ingham’s bloodstock portfolio was acquired by Godolphin.