Filipino Banker, Romeo Roxas, is joining the wave of foreign investors seeking out a presence in Australia’s beef production industry.

 

Joining investors that including Chinese billionaire, Xingfa Ma, who bought the Wollogorang Station in the Northern Territory for $47 million, Mr. Roxas was successful in acquiring the 560,000 hectare Murray Downs station and the 265,000 hectare Epenarra Station.

 

Competition to gain control of these properties is strong as a shrinking cattle supply and new trade agreements between Australia and Asia have created a run on Australian cattle operations, demonstrated last year when two major Indonesian companies and one Chinese company bought Australian cattle stations at a total cost of more than $65 million.

 

Since 2007, and prior to this deal, Mr. Roxas’ operating company, Australian Green Properties, had made four separate agricultural purchases totaling 60,000 hectares of land in Central New South Wales.

 

The Murray Downs and Epenarra acquisitions were negotiated by Territory Rural’s Jock McPherson.