Magic Millions Announce Sale of New Zealand’s Iconic The Oaks Stud

Media Release - Tuesday November 19

In a landmark opportunity for the equine and investment communities, Magic Millions, in partnership with Donovan + Co, proudly present the sale of The Oaks Stud, one of Australasia’s most revered thoroughbred breeding facilities.

The prestigious estate and renowned stallion and breeding operation, spanning an expansive 500 acres, is primed to attract leading industry stakeholders, breeders, land developers and investors from across the globe. 

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The Oaks Stud is being offered for sale.

Nestled just 2km from Leamington, Cambridge—an area famed for its premier stud farms—The Oaks epitomises the heritage of New Zealand’s equine industry.  

With exceptionally built infrastructure complemented by comprehensive amenities, the estate's natural beauty is all encompassing, highlighted by the famous Oak tree-lined gated, bitumen driveway. These elements underscore the property’s enduring commitment to quality and excellence in equine operations. 


Beyond its iconic stature, The Oaks Stud offers substantial potential for further development. The estate’s extensive 203.82 hectares, divided into six titles, provides a unique opportunity for subdivision, neighbouring Cambridge township. The Waikato region’s high demand for exclusive rural lifestyle properties positions The Oaks as an attractive prospect for those looking to capitalise on both equine and residential markets. 

For decades, The Oaks has produced outstanding champions, with notable Group 1 winners such as the celebrated Seachange—a seven-time Group 1 victor—alongside other champions like Recite, Artistic, Risqué, Devise, Keepa Cruisin, and Catalyst. Horses bred and sold by The Oaks have continued to achieve globally, including celebrated Group 1 winners Shuka, Sakhee’s Soldier, and Zagalia. 

“It's an absolute privilege to offer the iconic 'The Oaks Stud' on behalf of long-term owner and fellow Queenslander, Dick Karreman,” Donovan + Co Principal Clint Donovan said.  

“Dick has enjoyed immense satisfaction and delight at the success of one of the world's great stud farms under his ownership, and now it's time to pass the baton on.” 

“This is an incredibly unique scenario with options to purchase on a walk in walk out basis including stallions, mares and racing stock or any combination” 

“The New Zealand breeding industry has an incredible history of producing some of the world's absolute best racehorses, The Oaks Stud stands shoulder to shoulder alongside the top producers of Group 1 winners in the country.” 

“The Oaks' immediate proximity to the fastest growing regional community in New Zealand, the incredibly beautiful Cambridge township, highlights an undeniable truth that this is a land banking play for the future. Couple that with very favourable taxation laws, any individuals with a passion for racing and breeding and an urge to tenfold an investment should be interested in speaking with us further,” Donovan added.  

MM Release

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