Daniel Kemp
The capital raised will be used to acquire a livestock aggregation in Queensland and two softwood timber supply chain businesses.
With more assets listed in recent weeks, it is clear asset managers see market conditions as an opportune time to make a return.
A busy selling season for institutional-grade farmland continues in Australia as two more fund managers look to secure a return amid record-high valuations.
Rabobank’s annual Agricultural Land Price Outlook found that the median price for agricultural land in Australia rose by 6% in 2020, with further growth forecast.
The two European pensions have acquired a controlling stake in Wenita Forest Products, with their investments to be managed by Sydney-headquartered New Forests.
A final close is expected within months, 8F Asset Management said, with further funds focused on the Middle East and China to follow soon.
The investment is the first from a Japanese LP into Proterra’s third Food Fund, which is focused on investments in the Asia-Pacific region.
The ANREV Australian Farmland Index recorded strong capital appreciation in Q2 2021, with annual farmland continuing to outperform permanent farmland.
Packhorse Pastoral Company, whose thesis revolves around ‘Australian land for Australian investors,’ is raising more capital to fund two property acquisitions.
CBRE Agribusiness MD David Goodfellow said an ‘enthusiastic’ new crop of farmers were back in the market for rural land after recovering from the drought.