Daniel Kemp
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 Canadian pension hopes to deploy $1bn into Australian ag, says the CEO of its local offshoot. Prices are heading south as restrictions on capital outflows in China herald a cooling off.
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.
The asset manager told the ASX today it had received a section 33 notice from the Australian Securities and Investments Commission.
Investors believe the Duxton Global Agricultural Property Index could help improve agriculture's credibility as an asset class, but doubt has been cast over its low recorded returns for Australia.
Matt Whineray, who has been with the vehicle since 2008, will take the helm of the $26.3bn fund on July 1.