MALAYSIAN company KLK Farms Pty Ltd has increased its land portfolio with the purchase of the Brookdale property at Arthur River.
The latest purchase by the company adds to its already impressive portfolio of properties located in areas including Northampton, Mingenew, Dandaragan, York and Williams.
Farming Management Services managing director Geoff Collins, who is KLK's WA representative, confirmed the deal on Monday, but wouldn't elaborate further on the purchase.
KLK Farms parent company, KLK, is involved in large scale palm oil and rubber operations in Malaysia.
Despite its head office being located in Malaysia, KLK has long been on the WA farming landscape having owned properties in this State for 40 years.
It sold some of its properties located on the South Coast and Esperance, 10-15 years ago and over the last few years has been quietly acquiring properties with a focus on soil type and rainfall.
Brookdale consists of 2788 hectares and is regarded as one of the better blue ribbon properties to come onto the market in recent times.
VNW Independent real estate agent Hugh Ness, who brokered the deal, said the sale symbolises a change in approach from corporate agricultural companies.
"They are trending away from straight grain-growing properties and looking more at mixed farming areas with both livestock and cropping potential," Mr Ness said.
"Good rainfall and soil types are now a key focus in purchasing decisions and there is more and more interest in western Great Southern areas.
"There is very much an outlook for safe farming land and not just the broadacre grain-growing properties.
"Brookdale, in particular, offers good proximity to the coast and Perth and options of either cropping or running cattle or sheep.
"Its location allows better access to services and the ability to attract labour."
In an interview with Farm Weekly in 2012, Mr Collins said KLK Farms' plan was to move parts of its primarily grain growing operation to more secure and profitable cropping regions.
"Productivity needs to be kept in sight and for us that equals rainfall and soil type", he said at the time.
Brookdale comes with three main homesteads, a six stand shearing shed, fertiliser and grain shed, eight GP sheds and three sets of sheep yards.
It has a large water supply via 48 dams, two significant bores and river frontage.