United States-based portfolio manager Brockstar is in due diligence to acquire the famous Tipperary aggregation of cattle stations in the Northern Territory owned by prominent barrister Allan Myers.
Brockstar director of Australian operations Peter Smith told The Australian Financial Review that he could "not confirm nor deny" that Brockstar had made an offer of up to $140 million for all bar one of the aggregated stations.
"We are running the ruler over it at this stage," Mr Smith said.
The US-based Brockstar manages private portfolio investment opportunities and looks at submissions concerning project financing and credit facilities between $US1 million and $US500 million.
The group of properties Brockstar is looking at includes the 205,500 hectare Elizabeth Downs, the 194,600ha Douglas Station and the 209,800ha Tipperary, as well as Litchfield.
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