{"id":30458,"date":"2021-02-03T10:13:47","date_gmt":"2021-02-02T21:13:47","guid":{"rendered":"https:\/\/propertynoise.co.nz\/au\/?p=30458"},"modified":"2021-02-03T10:13:47","modified_gmt":"2021-02-02T21:13:47","slug":"australian-family-backed-by-one-of-south-africas-richest-men-buys-larrizona-station-for-17-million","status":"publish","type":"post","link":"https:\/\/propertynoise.co.nz\/au\/australian-family-backed-by-one-of-south-africas-richest-men-buys-larrizona-station-for-17-million\/","title":{"rendered":"Australian family, backed by one of South Africa&#8217;s richest men, buys Larrizona Station for $17 million"},"content":{"rendered":"<p><strong>PHOTO: Larrizona Station established hay and seed production alongside running cattle.<cite class=\"_21SmZ _3_Aqg _1hGzz _1-RZJ P8HGV _16dJg\" data-component=\"Figure__cite\">(Supplied: Nutrien Ag Solutions)<\/cite><\/strong><\/p>\n<p class=\"_1HzXw\">An Australian family, backed by one of South Africa&#8217;s richest men, has bought its sixth Northern Territory cattle property, acquiring Larrizona Station for $17 million.<\/p>\n<section class=\"vB11C _1tnlo _1w6Cw _1pc-9 _2EbnQ\" role=\"contentinfo\" aria-label=\"key points\" data-component=\"KeyPoints\">\n<h2 class=\"_3mduI _2gTdF _1deB8 jwLlj _1O6ck _1GKnS _2o9MN _1-RZJ\" data-component=\"Heading\">Key points:<\/h2>\n<ul class=\"W8pqX\" role=\"list\" data-component=\"List\">\n<li class=\"\" data-component=\"ListItem\">Langenhoven family buys Larrizona Station for $17 million<\/li>\n<li class=\"\" data-component=\"ListItem\">Deal includes 6,000 head of cattle and 1,000 hecatres of cleared land<\/li>\n<li class=\"\" data-component=\"ListItem\">\n<p class=\"_1HzXw\">Indonesian-owned Kiana Station sells to local NT family<\/p>\n<\/li>\n<\/ul>\n<\/section>\n<p class=\"_1HzXw\">Pierre and Luciana Langenhoven add the 70,000 hectare Sturt Plateau station to their growing list of properties, which include\u00a0<a class=\"_2f8qj FQVx7 _2tPjN _1QHxY\" href=\"https:\/\/www.abc.net.au\/news\/rural\/2019-03-22\/northern-territory-kalala-station-sold-for-58-million\/10928776\" data-component=\"ContentLink\" data-uri=\"coremedia:\/\/article\/10928776\">Kalala<\/a>,\u00a0<a class=\"_2f8qj FQVx7 _2tPjN _1QHxY\" href=\"https:\/\/www.abc.net.au\/news\/rural\/2020-02-03\/tanumbirini-forrest-hill-nt-sold-to-south-african-backed-family\/11923230\" data-component=\"ContentLink\" data-uri=\"coremedia:\/\/article\/11923230\">Tanumbirini, Forrest Hill<\/a>, Mt McMinn and Big River Stations.<\/p>\n<p class=\"_1HzXw\">Since mid-2018 the family has spent more than $150 million buying more than 1.1 million hectares of Top End cattle country.<\/p>\n<p class=\"_1HzXw\">Larrizona Station, 165 kilometres south of Katherine, was sold walk-in-walk-out with around 6,000 head of Brahman cattle.<\/p>\n<p class=\"_1HzXw\">ABC Rural understands the sale needed the approval of the Foreign Investment Review Board, due to the involvement of Giovanni Ravazzotti, father of Ms Langenhoven.<\/p>\n<p class=\"_1HzXw\">Mr Ravazzotti is one of South Africa&#8217;s most successful businessmen, with an estimated worth of more than $500 million in 2020, according to Richest South Africa magazine.<\/p>\n<figure id=\"13109568\" class=\"_2w-Eq _1w6Cw _1pc-9 _357jP\" title=\"Brahman cattle at Larrizona Station\" role=\"group\" data-print=\"inline-media\" aria-labelledby=\"dls-id-288467\" data-component=\"Figure\" data-uri=\"coremedia:\/\/imageproxy\/13109568\">\n<div class=\"_3L4rN\" data-component=\"IntersectionObserver\">\n<div class=\"lt7xz\" data-component=\"AspectRatioContainer\"><img decoding=\"async\" class=\"_1MKdo _3lrlT lazyload\" data-src=\"https:\/\/www.abc.net.au\/cm\/rimage\/13109076-3x2-xlarge.jpg?v=2\" data-sizes=\"100vw\" alt=\"red and grey Brahman cattle in a paddock with trees in the background.\" data-component=\"Image\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" \/><\/div>\n<\/div><figcaption id=\"dls-id-288467\" class=\"_21SmZ _3_Aqg _1hGzz _1-RZJ P8HGV _2FwWh\" data-component=\"Figure__figcaption\">Larrizona Station was sold with around 7,000 head of Brahman cattle.<cite class=\"_21SmZ _3_Aqg _1hGzz _1-RZJ P8HGV _16dJg\" data-component=\"Figure__cite\">(Supplied: Nutrien Ag Solutions)<\/cite><\/figcaption><\/figure>\n<h2 class=\"NVRkN _38pgX _1deB8 jwLlj hsTMN _1GKnS _2o9MN _1-RZJ\" data-component=\"Heading\">Valuable cattle genetics<\/h2>\n<p class=\"_1HzXw\">Larrizona Station had been developed by the Lester family, from south-west Western Australia, for the past two decades, clearing around 1,000 hectares of land and establishing a cavalcade seed and hay operation.<\/p>\n<p class=\"_1HzXw\">Nutrien Harcourts agent Andy Gray said the purchasers were very impressed with the cattle herd and the cropping operation.<\/p>\n<p class=\"_1HzXw\">&#8220;They will use the fodder that is produced from Larrizona and feed their own cattle [across other stations],&#8221; Mr Gray said.<\/p>\n<p class=\"_1HzXw\">&#8220;They are very impressed with the genetics of the Larrizona herd \u2026 and they will probably use some of the excess female cattle \u2014 instead of them potentially going to a [live export] boat \u2014they will go back into their herds on other properties.&#8221;<\/p>\n<p class=\"_1HzXw\">The property is currently sub-leased to the Lester family until the end of June 2021.<\/p>\n<p>READ MORE VIA <a href=\"https:\/\/www.abc.net.au\/news\/2021-02-02\/south-african-backed-langenhovens-buy-another-nt-cattle-station\/13108774\">ABC<\/a><\/p>\n<h3 class=\"widget-title\"><span class=\"accent-typo\">MOST POPULAR<\/span><\/h3>\n<ul class=\"widgets-list-layout no-grav\">\n<li><a class=\"bump-view\" title=\"Minister puts \u2018rogue\u2019 real estate agents on notice\" 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&rarr;<\/a><\/span><\/p>\n","protected":false},"author":1,"featured_media":30459,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[461747081],"tags":[478114518,478098512,478098521,478114517,478114515,478114514,478114513,478114516,478114344,478098513,478098873,478098579,478098510,478098514,478098511,478098705,478098533,478098828,478098509],"class_list":["entry","author-data123nz","post-30458","post","type-post","status-publish","format-standard","has-post-thumbnail","category-australian-property-real-estate-news","tag-andy-gray","tag-australia","tag-australians","tag-cattle-property","tag-kiana-station","tag-langenhoven-family","tag-larrizona-station","tag-northern-territory-cattle-property","tag-nutrien-harcourts","tag-property","tag-property-investment","tag-property-market","tag-property-news","tag-propertynoise","tag-real-estate","tag-real-estate-agency","tag-real-estate-agent","tag-real-estate-agents","tag-real-estate-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Australian family, backed by one of South Africa&#039;s richest men, buys Larrizona Station for $17 million - Property News Australia<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/propertynoise.co.nz\/au\/australian-family-backed-by-one-of-south-africas-richest-men-buys-larrizona-station-for-17-million\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Australian family, backed by one of South Africa&#039;s richest men, buys Larrizona Station for $17 million - Property News Australia\" \/>\n<meta property=\"og:description\" content=\"PHOTO: Larrizona Station established hay and seed production alongside runningRead More &rarr;\" \/>\n<meta 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