Mawallok estate, a heritage-listed sheep station in Stockyard Hill, Victoria, has publicly sold for the first time since 1847. The buyer, Qingnan Wen, is the founder of Tianyu Wool, one of the largest wool importers and manufacturers in China, as well as one of the biggest buyers of Australian wool.
This is not the first Australian country estate in the portfolio of the Chinese billionaire. In 2014 he purchased the 2000ha Lal Lal Estate near Ballarat and four years later the grazing properties Mokanger & Lewana near Hamilton, combining 1587ha of land.
The newest addition to the collection is described as “one of Australia’s most historic pastoral holdings”. An impressive 2349ha area includes a renowned Arts and Crafts style 2-storey homestead with 10 bedrooms, 2 tennis courts, a 6-hole golf course, a 10-hectare lake, and an astonishing 2.5-hectare English garden setting designed by William Guilfoyle. The price of this historic purchase remains undisclosed but originally the property went onto the market with an astonishing $25 million asking price.