06/21/2013 4:26PM

Australia’s Eliza Park sold to Hong Kong-based group

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Eliza Park, one of Australia’s top breeding operations and the residence of Black Caviar’s sire Bel Esprit, has been sold to Hong Kong-based investors Sun International Group, English and Australian media outlets report.

Based in Eastern Australia with properties in Victoria and Queensland, the operation will move forward known as Eliza Park International. Former owner Lee Fleming put the business up for sale in March.

In addition to six properties, including a training center in Kerrie, Victoria, the sale included standing rights to Eliza Park’s 12-member stallion roster. Besides Bel Esprit, whose daughter Black Caviar retired unbeaten in 25 starts earlier this year and was twice honored as Horse of the Year, the farm includes Moshe, Black Caviar’s full brother, among its roster.

"Our investment in Australia will be significant both in terms of stallions and other bloodstock,” Ting Kong Cheng, a Sun International Group representative, told Racing Post. "Importantly, Eliza Park International's myriad services shall continue and, to that end, the existing management team remains working in tandem with an experienced and professional staff. I can assure Eliza Park International's clientele that we are committed to providing a superior level of professionalism and will soon bring about some initiatives that will benefit supporters both domestically and globally.”

The farm was sold through the Inglis bloodstock auction company.