Clive Palmer cattle station auction called off at the last minute
The much-anticipated auction to sell a central Queensland cattle station owned by federal MP Clive Palmer to help raise funds for his embattled Queensland Nickel operations has been postponed.
The property was due to go under the hammer in Rockhampton at 2pm today but was called off at the eleventh hour, even after potential bidders were seated.
The auction for Clive Palmer’s Central Queensland property is about to start @WINNews_ROK #auspol pic.twitter.com/qaYG2SM4xN
— Jordan Koster (@KosterJordan) March 18, 2016
AAP reported that agent Colliers International said the auction had been rescheduled for March 23. No further details were available.
Mamelon Station at Marlborough, 135 kilometres north-west of Rockhampton, was the first of Mr Palmer’s property assets put up for sale after administrators took control of his Queensland Nickel refinery in January.
Local, interstate and international potential buyers had registered interest in the property, according to agents.
The sale of Mr Palmer’s Mamelon Station has been ordered by administrators. Photo: Andrew Meares
Before the scheduled auction, Colliers’ Ben Forrest said the property had attracted attention from investors, funds and graziers, as well as private Chinese interests.
“There has been some international interest and some good interstate interest,” Mr Forrest told AAP.
“(But) a big portion of them (potential bidders) are local graziers.”
Mr Palmer’s QNI Metals bought the 6258-hectare property for around $8 million in 2010.
