Daniel Kemp
Sandmount Farms, built by goFARM over several years and prepared for further development, is likely to sell for more than A$250m.
Opportunities in Indian agriculture are varied for investors that know where to look in a market different to many others.
The investment firm of Andrew and Nicola Forrest paid around A$30m for the property in Western Australia, taking Harvest Road’s portfolio to more than 2 million ha.
Lightrock has made two investments in Indian agtech companies since the start of 2022, building on years of activity in the country.
The takeover values Angel Seafood at A$32.3m and represents a 60% premium to its last closing share price before the bid was announced.
The Australian fund manager describes the close as a ‘good result’ and expects to deploy all of the capital within the next few months.
AAM will develop the Keep Plains site and expand the Ord River Irrigation Scheme over the next several years.
Gina Rinehart’s agricultural business secured an ‘excellent outcome’ through the sale, which included two properties not part of the original divestment plan.
The purchase of Ottley in NSW diversifies the Packhorse Pastoral Company portfolio as it continues to raise capital for its inaugural fund.
Australia’s Emissions Reduction Fund will expand the number of projects eligible to generate Australian carbon credit units by adding options for plantation forestry.