Daniel Kemp
New research from CRCNA follows on from reports into aquaculture and timber highlighting the region’s potential if risks can be mitigated and barriers lifted.
Primewest took over management rights to the Vitalharvest Freehold Trust in June, which is now subject to a takeover bid from MIRA worth approximately A$185m.
The family office of Andrew Forrest has recently added an aquaculture vertical to its existing beef business – and has plans for significant growth.
The family office of one of Australia’s richest men is building a significant portfolio of beef and aquaculture assets in Western Australia and plans to expand into grains.
The fund manager has sold Banongill Station, the first property it acquired for the fund in 2016, to a local farming consortium.
PSP head of natural resources Marc Drouin said the pension would look to do more post-farmgate investments in Australia and could work with local funding partners more in future.
The American university’s endowment is selling further assets after offloading almond and cotton farms to Hancock Agricultural Investment Group earlier this year.
The Diversified Agriculture Fund will deploy approximately A$25m across three foundation assets and will move to an open-end structure to continue raising capital.
Capital appreciation remains low following years of growth, but another quarter of strong income returns saw annualized returns hold up well during the beginning of covid-19.
The firm says it signed the pledge because action is needed through policy and business to better mitigate global biodiversity risks.