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Ray White's Central West Group of offices in Parkes, Forbes, Condobolin and West Wyalong are celebrating the settlement of their landmark sale of Mereworth Aggregation at Berrima in NSW Southern Highlands for more than $100 million.
Mereworth's former owners Hume Coal, divested their significant assets after being unable to secure their mining licence in the Southern Highlands and chose Ray White's Kim Watts to represent the sale.
Ms Watts specialises in high value rural property and water licence sales and is ranked in the top one per cent of Ray White Rural agents nationally. Hume Coal’s assets included 3232 acres and 1830 mega litres of water, which included bore and surface water.
Ms Watts is well versed in managing property and water transactions required for mining and corporate Australia and with a swift two week initial EOI period, was able to secure interest from more than 20 buyers with the interest and capacity to buy this unique aggregation of properties and water.
The rumoured list of those who enquired was a veritable list of Australian agricultural who's who, including tech giant Mike Cannon-Brookes and others of his fraternity. Property searches show the successful buyer was Mereworth Property Pty Ltd, whose sole director is Thomas Peter Crown.
Agent Kim Watts is no stranger to high value and significant sales of property and water assets for and to some of Australia's largest companies and overseas investors.
She explains that in this instance a wholly owned Australian company was the successful purchaser.
While Ray White agent Kim Watts would not disclose the purchase price nor confirm the buyer’s name but research of the multiple settlements from Hume Coal to various subsidiaries owned by Mr Crown, and water licence values show the sale price at more than $100 million for properties and water licences.
Ray White's Elite agent Kim Watts brokered the transaction from her home base in Forbes NSW where she has strategically positioned herself in NSW wheat and grazing belt "central to all capital cities on the eastern seaboard and immersed in the job," she says.
With an elite team of digital marketing graduates and Central West Business Leader of the Year Principal Tracie Robertson in support, Kim has a professional team providing assistance whose calibre is hard to match.
Ray White Rural Managing Director Stephen Nell said: "Kim was a results driven agent who's knowledge of high value agricultural assets and water trading to Australia's corporate and elite is extensive".
He went on to explain that through supporting decentralisation to Australia's regions, that many of Ray White's top performing agricultural agents for domestic & international sales uniquely live in rural and regional areas.
"Kim's reach is to all states of Australia having recently managed rural property sales in WA."
Unconfirmed reports that Peter Crown was looking to offload some of the aggregation soon after settlement were confirmed yesterday with a second property transfer processed to Mereworth Pastoral PTY LTD with Medich Capital Pty Ltd as 100 per cent shareholder.
The Medich family who live nearby were unavailable for comment.
Mereworth House is located on land originally granted to John Atkinson. The nine-bedroom home on 500 ha of prime grazing land was built in the French Provincial style with a stunning Mansard roof which is typical of French architecture between the 16th and 19th century.
