Daniel Kemp
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.
The Australian government’s clean energy investment agency has continued its push into agriculture, backing alternative proteins start-up All G Foods.
The deal will see New Forests and AIMCo continue their 10-year partnership and add more than 90,000ha to their Australian farmland portfolio.
The A$150bn Aware Super will sell the Lake Boga portfolio, a collection of assets previously owned by VicSuper pre-merger and managed by Kilter Rural.
A collection of five properties being sold by European family office THF comes with significant water allocations that could allow for a change in land use.
Water allocation prices in the Murray-Darling Basin have reduced following a wet 2020-21 season – and the next 12 months are likely to see more of the same.
Water allocation prices have fallen, although stability in high-security water entitlement prices suggests a maturing of that part of the market.
Packhorse Pastoral Company, which is targeting A$1.5bn in total for its first fund, has made a strong start after just six weeks of fundraising.
Roc Partners’ Premium Food Fund was one of three buyers, alongside Primewest and another local buyer, for Harvard University’s Western Rosella portfolio.