Malaysian billionaire and global property magnate Dato Tan Chin Nam is selling the prized Think Big Stud in NSW’s Southern Highlands, home to the breeding of multiple Melbourne Cup and other group 1 race winning horses.
The 90-year-old, whose Australian property interests have included World Square, the heritage-listed Queen Victoria Building and the Strand Arcade, all in Sydney, is one of the most successful Melbourne Cup winning owners, being the principal owner for and personal friend of late legendary trainer Bart Cummings and New Zealand thoroughbred breeder Sir Patrick Hogan.
The 122-hectare property, 90 minutes drive from Sydney, is being sold through rural specialists Inglis Rural Property’s Sam Triggs and Jamie Inglis.
The property could fetch between $18 million to $20 million.
Australian managing director for Think Big Stud, Duncan Ramage, said the property was priceless.
“This property provides what money alone can’t achieve,” Mr Ramage said.
Think Big Stud, located on the banks of the Wingecarribee River in the Southern Highlands, is recognised internationally as a nursery of champion thoroughbred horses.
The property has been used to spell or breed two Cox Plate winners, four Melbourne Cup winners, two Caulfield Cup winners, two Vinery Stud Stakes, two ATC Flight Stakes and a Prince of Wales Stakes in England. Numerous other international races winners have graced the property.
The farm is equipped for commercial stud operations and pre-training work with stallion barns, foaling yards and an irrigated 1200-metre grass track.
Mr Ramage said that since buying the original property in 2007, Think Big Stud has only purchased surrounding property on the winnings of horse races.
“The Stud has not been spending Dato’s wealth to buy these properties. We only used the proceeds of winning big races to furnish the expansion of the stud,” Mr Ramage said.
Dato Tan has a global empire of hotels and shopping centres owned through businesses such as IGB Corporation Berhad and Goldis among others. Other notable properties in Australia he has owned include the Capitol Theatre in Sydney.
The billionaire is selling because of age and a lack of interest from his offspring in horse racing. He has conveyed through his representatives that he still has a positive outlook on Australian commercial property.
His move to sell does not reflect the growing interest from Asia in Australia’s top horse studs and agricultural properties.
Last year Hong Kong billionaire Tony Fung snapped up failed mining entrepreneur Nathan Tinkler’s entire racing and breeding operation on the Gold Coast Hinterland known as Patinack.
Malaysian horse racing tycoon Teo Ah Khing added to his Southern Highlands trophy cabinet after paying $4.85 million at auction to acquire Southern Highland Wines, a 33-hectare winery and wedding venue in Sutton Forest. Teo Ah Khing is the chairman of Desert Star Holdings, the parent company of the successful China Horse Club, which owns stakes in 2015 Caulfield Guineas winner Press Statement, Golden Slipper winner Vancouver and dual group 1 winner Pride Of Dubai.
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