Southern Farm Collection
South Island, New Zealand
PROPERTY OVERVIEW
CABERFEIDH STATION
THE WANDLE BAREWOOD STATION
The Offering
New Zealand Sotheby’s International Realty is proud to present the Lone Star Farms “Southern Collection,” comprising three exceptional stations: Caberfeidh Station, The Wandle, and Barewood Station.
Over the past 25 years, no expense has been spared in transforming these stations into world-class sheep and beef enterprises. With a strong focus on production, land and water management, infrastructure, sustainability, and human resource compatibility, the foundation has been laid to capitalise on decades of development and secure the collection as a whole.
Operating at scale, the stations work synergistically, leveraging efficiencies and distribution channels to create a dynamic and resilient operation, from breeding through to finishing stock of the highest calibre.
With the combination of scale, advanced systems, and meticulous reporting, the future is secured with a solid track record and significant planned investments.
The opportunity exists to purchase all three stations together, offering a rare chance to acquire a fully integrated, high-performing agricultural enterprise.
For Sale by International Tender. Tender closes 4:00 p.m. Wednesday 19 November 2025 (unless sold prior)
THREE STATIONS | ONE OFFERING 14,691 ha (36,301 acres)
A multiple award winning sheep and beef farming operation of the highest order.
LAND AREA
14,691 ha (36,301 acres)
IRRIGATABLE LAND
1,200 ha (2,965 acres)
WINTERED SHEEP
48,808
75,810 ANNUALLY TRADED LAMBS
*Stock numbers are 3 year average.
WINTERED CATTLE
3,789
2,795 ANNUALLY TRADED CATTLE
*Stock numbers are 3 year average.
STAFF HOUSES
FULLTIME STAFF
9 WOOLSHEDS
9 SHEEP YARDS
7 CATTLE YARDS
EFFECTIVE LAND
12,400 ha (30,640 acres)
The Collection
The amalgamation of 16 farms was a two-decade exercise to form the three-farm entity known as the Southern Collection. The Southern Collection includes all the farming properties of Lone Star Farms outside of the Golden Bay region. Today, the three farms function individually but operate as one business.
• Each farm has different attributes which provide a mixture of breeding and finishing land for sheep & beef operations.
• Continual improvements in infrastructure, staffing and farming systems make this a standout agricultural proposition
• All farms have reliable stock water systems, very good sheep yard systems with dual weighing and auto drafting races and new or upgraded cattle yards.
• Apart from hill blocks the farms are largely cultivated and have undergone extensive pasture renovation over the period they have been owned by Lone Star Farms.
• Production on all farms has benefited from better genetics, pasture species and management as well as focusing on keeping ewes at a condition score of 3+ at all times.
“A 25 year legacy of top tier agricultural development”
6,413 ha
23,089 313
19,473
177
*Stock numbers are 3 year averages 2022-2024. * Traded stock numbers are Lambs and Cattle.
Key Features
SCALE
The Southern Collection is one of the largest sheep & beef farming operations in New Zealand. With over 12,000 hectares of effective farmland and wintering approximately 48,808 sheep and 3,750 cattle, the Southern Collection is a rare find in top-tier large scale farming.
HIGH CALIBRE INFRASTRUCTURE
After years of continual capital expenditure and development, the infrastructure on the three farms is of the highest calibre. All aspects of the farms have been improved including new irrigation, laneways, yards and handling facilities. With a focus on productivity, labour efficiency and reducing animal stress, the three farms have benefited from years of financial input.
FARMING SYSTEMS
A legacy of excellent farm management has ensured the ongoing improvement of all farms and ensuring stock quality. Various farming systems are utilised to maximise the on-farm opportunities managing stock movements, growth and stock weights.
ENVIRONMENTAL APPROACH
All three stations have farm environment plans that are reviewed and updated in conjunction with management policies and plans. This ensures that “Farming Better Every Day” occurs and the land can be sustained and enhanced for future generations. The Southern Collection are accredited FAP+ Gold.
PEOPLE
Staff development and training are a key component of the Lone Star Farms model. All staff have personal development plans with ongoing learning. Advancement to leadership is supported as is involvement in industry groups and competitions. Emphasis has also been placed into developing good staff housing for wellbeing and comfort.
IRRIGATION & WATER
Caberfeidh Station and The Wandle collectively have 1,200 hectares of land under irrigation. After extensive development over the past twenty years, securing access to water for irrigation has been a key focus. With nine irrigation dams holding 315,000 m³ already built and another dam holding 148,000 m³ currently under construction for 2025, the future of farming is in a much stronger position. This irrigation and associated water storage provides for considerable options for other high value land uses in the future also.
Location
CHRISTCHURCH
WANAKA
QUEENSTOWN
NELSON
DUNEDIN
BAREWOOD STATION
THE WANDLE
CABERFEIDH STATION
Stock Breeds & Markets
SHEEP
The Lone Star Farms Southern Collection of farms has a strong association with the Headwaters sheep breed and is the largest supplier of Lumina Lamb. Meat is sold through Alliance Group and wool through New Zealand Merino.
HEADWATERS SHEEP
The Headwaters breed is a cross between Finn, Texel, Romney and Perendale sheep breeds - a genetic line with the ability to accumulate high levels of intramuscular fat and elevated levels of polyunsaturated fatty acids including Omega 3 and Omega 6. Headwaters sheep genetics, farm systems, cutting-edge data and technology combined with a robust connected value chain, results in LUMINA ® – marketed as ‘The finest lamb in the world’
LUMINA LAMB
The Lumina Lamb brand was developed to promote 100% natural, free-range and grass-fed lamb from New Zealand’s hill and high country.
The lambs spend a minimum of 35 days on a diet of specially-cultivated chicory and clover forage to produce finely marbled meat enriched with high levels of naturally occurring Omega-3 polyunsaturated fats. This enhances the meat with health attributes, tenderness, texture and taste, and it is sold to exclusive high-end restaurants.
Lumina Lamb is the most exciting, branded lamb opportunity of scale that is happening within the NZ sheep industry with historical growth in market demand globally of 30% p.a.
Lumina Lamb suppliers receive 66% of the net profit from the joint venture between Headwaters and Alliance Group. Premiums from Lumina Lamb have the potential to be a significant contributor to the Southern Farms Collection.
Lone Star Farms breed around 40,000-45,000 lambs which are finished across The Wandle, Caberfeidh Station and the lease block and sold as Lumina lambs. In total, around 60,000 Lumina lambs are finished, with 31,000-33,000 on the lease block, the balance are bought in from outside.
LARGEST SUPPLIER
NATURAL, FREERANGE AND GRASS-FED LAMB
More infomation: https://luminafarms.com/
BEEF
An Angus cow herd makes up the majority of the cattle on the three stations. In addition 1500-2000 trading cattle are purchased for finishing.
Lone Star Farms runs an Angus beef herd with focus on genetics, meat quality traits and being structurally sound to handle hill country.
All Angus cattle are grass-fed and bred on farm supported with further trading stock for stores or finishing. The Angus cow herd is genomically tested and selected on the $ profit index, with Lone Star Farms own bred cattle entered into the Alliance Hand Picked programme.
The beef cows on the property have been bred with a view to producing progeny that provide customers with a fantastic eating and consistent experience. Lone Star Farms believe over time their beef will be part of a value chain selling direct to discerning consumers who want top quality grass fed beef that is produced with all the environmental and animal welfare credentials.
ANGUS
ENVIROMENTAL APPROACH
BAREWOOD STATION
TOP TIER INFRASTRUCTURE
SCALE
PREMIUM
SHEEP AND BEEF
PEOPLE
CABERFEIDH STATION
FARMING SYSTEMS
THE WANDLE
Lone Star Farms as One
CABERFEIDH STATION
This is a core value of the Lone Star Farms farming system.
This approach emphases collaboration for the overall success of the farming operation. It goes beyond livestock farming—it also shapes how staff work together and support one another as a team.
The Southern Collection, function as independent farming entities. The three farms run their own budgets and P&L, but they are operated as one business. Farming decisions are therefore not limited to each individual farm’s boundaries. Each farming business has its own manager and staffing structure, all reporting to the General Manager of the Southern Collection, ensuring a cohesive and strategic approach across the portfolio.
The farms have different attributes which provide a mixture of breeding and finishing land for our sheep & beef operations.
Stock is moved between farms when necessary to take advantage of the current market or pasture growth and supply conditions.
Understanding each farms specific feed demand and supply opportunities and constraints is very important to enable using the other farms to mitigate or take advantage of situations or opportunities. FARMAX ® and feed budgeting allow timely decisions to be made with the mindset that each farm belongs to something much bigger than the boundaries of their farm.
Lone Star Farms has protocols on the movement of stock between farms including animal presentation, data, quarantine treatments and the movements are treated as arms length transactions at market rates.
THE WANDLE
BAREWOOD STATION
PREMIUM SHEEP + BEEF
Farming Matrix
The following matrix shows the movement of stock between the three stations. A collaborative working relationship to maximise the best possible outcome for stock.
BAREWOOD STATION
CABERFEIDH STATION
LEGEND
Lambs bred on farm sent for finishing
Lambs sent for backgrounding & finishing
Cattle sent for finishing
Store cattle movement
Replacement Capital Stock (eg Ewes/Heifers)
Agricultural Services
LEASE BLOCK
THE WANDLE
LEASE BLOCK
An intensive finishing block is leased as part of the Southern Farm Collection.
At approximately 490 hectares, this largely irrigated farm is an integral part of the wider Lumina programme. The primary function of this block is to finish Lumina lambs.
Lone Star Farms breed around 40,000-45,000 lambs which are finished across The Wandle, Caberfeidh Station and the lease block and sold as Lumina lambs.
In total, around 60,000 Lumina lambs are finished, with 31,000-33,000 on the lease block, the balance are bought in from outside.
About Lone Star Farms
Lone Star Farms has been sheep and beef farming in New Zealand since 1997 commencing with its first farm purchase in the Aorere Valley in Golden Bay. Since then the business has acquired, sold and leased a number of properties and is now made up of 6 farms located in the South Island of New Zealand.
Farming Better Every Day.
Where we strive to have a farming system that enhances our environment, livestock, people, and financial performance.
We hold ourselves to high standards in terms of animal well-being, water and soil management, and investment in our staff.
We operate with a focus on continual improvement in all aspects of farming, to strive to be better every day.
The Southern Collection Timeline
• Barewood Station purchased
• Strathmore purchased
• Flat Stream purchased
• Caberfeidh Station purchased
• Taramea farm purchased
• Moneta Downs farm purchased
• Windsor Downs farm purchased
• New Barewood Shearers Quarters
• Pivot 1 & 2 built + associated development at Caberfeidh
• The Wandle purchased
• Full & half pivot built + associated development at The Wandle
• New house at Barewood Station
• Broadacres purchased
• Start of extensive subdivision, pasture improvement stock water and fertility development on Barewood & Caberfeidh
• 7 irrigation dams built Caberfeidh Station
• Start of extensive subdivision, pasture improvement stock water and fertility development on The Wandle
• New Staff quarters at Barewood Station
• New cattleyards built at Barewood Station
• Start of downs subdivision, pasture improvement stock water and fertility development on Caberfeidh Station (400ha)
• New cattleyards built at The Wandle
• Nethertown Farm purchased
• Start of Nethertown subdivision, pasture improvement stock water and fertility development on The Wandle
• New cattleyards The Wandle
• Subdivision & chicory development – Caberfeidh
• Subdivision & chicory development – The Wandle
• New house built at Nethertown – The Wandle
• Tenure Review completed Caberfeidh Station
• Tenure Review completed at The Wandle
• Stock & vehicle underpass built – The Wandle
• VRI installed on all pivots - The Wandle
• Cliffside pivot built plus associated development – The Wandle
• Pivot built Windsor Downs
• Shearers quarters + staff accommodation upgrade –Caberfeidh Station
• Broadacres yards rebuilt –Caberfeidh Station
• New laneways Nethertown –The Wandle
• New dam under construction –Caberfeidh Station
Awards
2017
Otago Farm Environment Awards - Barewood
PGG Wrightson People in Agriculture Award
CB Norwood Distributors Agri-Business Management Award
2024
Otago Farm Environment Awards - The Wandle
Otago Regional Supreme Winner 2024
Ballance Agri-Nutrients Soil Management Award
Beef + Lamb New Zealand Livestock Farm Award
Rabobank Agri-Business Management Award
2022
Canterbury Farm Environment Awards - Caberfeidh
Beef + Lamb New Zealand Livestock Farm Award
Massey University Innovation Award
WaterForce Wise with Water Award
2023
Headwaters Annual Awards – Wandle
Finisher of the year
NZFET Climate Recognition Award
Otago Regional Council Quality Water Enhancement Award
Beef + Lamb New Zealand Awards
Lone Star Farms finalist for the People Development Award
Alternative Land Use
With the size and scale of all three stations there is also plenty of scope for alternative or complimentary land use and activities to be further developed. Currently, Lone Star Farms have focus on the development of a top tiered farming operation growing of sheep, beef with strategic symbiotic forestry.
Lone Star Farms collection has approximately 208 ha of forestry with an additional 544 ha planted to establish carbon revenue streams in the past three years in partnership with Tamata Hauha.
Future diversification may include a number of options from running a deer herd and or a safari hunting block, utilising water for some form of horticulture, tourism ventures and accommodation and larger scale forestry. The Southern Collection presents many options for other income streams in conjunction with the current operation, with the investment underpinned by large scale freehold land ownership in multiple titles. _
NOTICE OF DISCLAIMER
This Memorandum has been prepared solely to assist interested parties in deciding whether to express their interest in the assets and then making their own evaluation of the property and its assets. The Memorandum does not purport to contain all information that a prospective Purchaser may require. In all cases, interested parties should conduct their own investigation, analysis and verification of the data contained in this Memorandum and the property. Neither the delivery of this Memorandum nor any contractual agreement concluded thereafter shall under any circumstances create any implication that there has been no change in the affairs or prospects of the property since the date of this Memorandum or since the date as at which any information contained in this Memorandum is expressed to be applicable.
The Advisors have not independently verified any of the information contained in this Memorandum. None of the Advisors or Owner make any representation or warranty as to the accuracy or completeness of the information contained in this Memorandum and none of the Advisors or Owner shall have any liability for any statements, opinions, information or matters (express or implied) arising out of, contained in or derived from, or for any omissions from, or failure to correct any information in this Memorandum, or any other written or oral communications transmitted to any recipient of this Memorandum in relation to the property.
Retention of this Memorandum will constitute acceptance by the recipient and readers of these terms and conditions and any recipients who do not accept any of the terms and conditions should return the Memorandum to the Advisors immediately.
Matt Finnigan & Russell Reddell
SALES ASSOCIATES
Matt works in partnership with Russell Reddell in the Queenstown office; a collaboration which has seen them negotiate some of the largest private property transactions in the market.
Their focus is predominantly on High Country Stations and Lifestyle properties throughout the South Island, rather than traditional residential real estate.
This formidable team have a strong reputation and considerable track record of success. The combination of Matt’s background in property valuation and commercial leasing, with Russell’s business acumen and negotiation skills, make for a strong and well-balanced partnership. With considerable experience in high-end real estate, difficult transactions and hard-to-sell properties, vendors often turn to this team to get results.
Both Matt and Russell have lived in Queenstown for over 30 years each, resulting in incredible local knowledge of the residential market. They are consequently regular sellers of the resort’s residential and lifestyle properties.
Offering a discreet and savvy approach to all property transactions, market-leading knowledge and results at the top end of the iconic property sector, contribute to the ongoing success of this unique team.
Matt and Russell have considerable experience in dealing with high-networth individuals and offer exceptional exposure to a large local and international database.
MATT FINNIGAN
+64 21 199 7669
matt.finnigan@nzsir.com
RUSSELL REDDELL
+64 21 355 291
russell.reddell@nzsir.com
Each Office is Independently Owned and Operated. Browns Real Estate Limited (licensed under the REAA 2008) MREINZ.