It comes after Greater Shepparton City Council awarded the long-term lease at its July Council Meeting this year.
The lease of the facility for 10 years and including an additional four options of five years, ensures that the Shepparton Regional Saleyards remains a major regional stock selling complex. It is expected the Shepparton Regional Saleyards will undergo a range of improvements in the coming years as well as enhancing operational efficiencies.
RLX will undertake a transition period at the site for two months, with the new lease commencing on 1 March 2025.
Manager Engineering and Assets, Ben Gannon, said Council was looking forward to working with the new operators to ensure the best outcomes and future for the facility.
“Operations at the Saleyards will continue as normal during the transition period, with Regional Livestock Exchanges committed to achieving the best outcome for the facility alongside Council,” he said.
“The Shepparton Regional Saleyards continue to record strong sales in a competitive environment, and we look forward to this continuing through the new long-term lease.”
