Daniel Kemp
The Australian firm has received 'a lot of inbound approaches' regarding its private markets business since coming under attack from US short-seller Glaucus in March, says a company source.
Requirement to be government-approved means overseas buyers face bill of up to A$100,000 before they can take part in farm sales.
One Tree Agriculture is offering the Goodiwindi aggregation for sale as a whole or in its three parts, making it a potential target for corporate or local buyers.
Laguna Bay Pastoral Company boss Tim McGavin says the firm will probably launch a successor vehicle to its A$280m Australia and New Zealand-focused fund 'in the next year or so.'
Southern Aurora Markets anticipates the drop to happen 'anytime from now' as soaring prices end in 'demand destruction.'
The trans-Tasman manager has sealed the two final deals funded through the vehicle by purchasing two assets from The Rohatyn Group.
Interim MD Kim Morison says the acquisition of the Murrumbidgee tranche is ‘business as usual' for the under-fire Australian asset manager.
The farm went into administration in March after retailer Harvey Norman went public about its disagreement with Hong Kong's Eternal Sound over future plans.
The A$100m vehicle has also received significant interest from two overseas investors and a flood of solicitations from potential tenants, its managing director tells Agri Investor.
There'll be no investor stampede from Blue Sky's ag and water business, insists interim managing director Kim Morison in the wake of a short-selling attack on the Australian firm from a US hedge fund.