Daniel Kemp
QIC acquired Stuart’s Creek, a beef cattle property with established carbon sequestration properties, from Packhorse via its Queensland Natural Capital Fund.
Eastwood Forests’ first fundraise has shown how powerful the carbon story around timberland investments has become, including with Japanese LPs.
Climate change and energy minister Chris Bowen said decarbonization plans will be set for agriculture and five other sectors, without sector-specific emissions reduction targets being imposed.
The 15-year closed-end fund has been seeded with capital from 10 Japanese companies including Sumitomo Forestry, Japan Post Holdings, and Sumitomo Mitsui Banking Corporation.
The Warakirri Diversified Agriculture Fund now has exposure to nuts, viticulture, soft-leaf vegetables, agricultural infrastructure and citrus fruit across Australia.
Palisade’s Regional Livestock Exchanges has acquired the South Eastern and Western Victoria exchanges to take its portfolio to 10 sale yards across Australia’s eastern seaboard.
The acquisition will combine two of the world’s leading malt businesses and ends United Malt’s short life as an independent business after spinning out from GrainCorp in 2020.
Paine Schwartz Partners, which previously invested in Costa from 2011-15 before listing it, has bid to acquire it again in a deal worth A$1.6bn.
‘There isn’t resistance out of principle’ from Australian superfunds to investing in agriculture, but barriers remain, says CEFC’s Heechung Sung.
Proterra’s Fund V has already acquired two farms in the US and will primarily target assets in the Midwest, Pacific Northwest and southern states.