Daniel Kemp
The Chinese firm sold one of the smaller properties in its portfolio due to a restructure, with the sale value understood to be north of A$13.2 million.
Undertakings by ANZ Terminals to divest a facility in South Australia and to exclude a facility at Port Kembla from the deal alleviates competition concerns, the competition watchdog said.
The combined entity would have more than A$180bn of AUM and be larger than the country’s current largest fund, AustralianSuper.
The launch of a new impact investment fund in Western Australia signals that impact investing in ag is continuing to find its feet and grow more popular among LPs.
WA Impact Fund, which represents WA Super’s first foray into both agriculture and impact investing, will have regenerative agriculture as one of its four investment strategies.
Australian superfund also announces it has reached its target of deploying A$3 billion in sustainable outcomes as it looks to align its decisions with eight of the UN’s Sustainable Development Goals.
Steve Jarrott joins Warakirri from Westchester, where he was Australian portfolio manager, to oversee its latest diversified ag fund.
The listed asset manager, which has been under fire from short-sellers in recent months, has sold the assets in NSW and Victoria because they are ‘better suited to business with greater economies of scale’ like ProTen.
Rural lender issues pessimistic winter crop outlook for 2019-20 that is significantly lower than official government forecasts.
The competition watchdog has pushed back a decision for a second time. The review was triggered by concerns that the purchase by ANZ Terminals would ‘remove a significant competitor’ from the market.