THE family behind Bell Potter Securities and one of Australia's best rural property portfolios, the Bells, wants to buy the country's largest irrigator, the controversial Cubbie Station.
Like their NSW Riverina holdings Boonoke and Wanganella, Cubbie Station in south-east Queensland is an attractive investment in the form of water licences, reports The Australian Financial Review.
It has a storage capacity of about 500,000 megalitres, a figure often equated to the size of Sydney Harbour.
The 92,000 hectare property is largely a cotton producer and has recently had rain, making the asset a tantalising play for water investors.
The interest has grown since pressure started building on Climate Change Minister Penny Wong to buy part of the property's water licences.