Beef producer Australian Agricultural Company (AACo) is set to buy the Pell Airstrip and Tortilla cattle properties near Darwin for about $8 million.
The properties will be used to sort and hold cattle before they are sent for slaughter, live export or to the company's other nearby cattle stations.
"It will act as a key hub for the company's activities in northern Australia," chief executive Jason Strong said.
The properties total 5,473 hectares, and are located 50 kilometres south of the company's new $91 million abattoir at Livingstone, 50 kilometres south of Darwin.
The abattoir is expected to start operating in September.
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