The acquisition brings Centuria’s agricultural AUM up to A$1.3bn and adds 22 assets across sectors including poultry, nuts and controlled-environment agriculture.
The deal will see Centuria’s agriculture AUM rise to A$820m, a 25% increase since June 30, 2025.
Solum will support expansion of both Staples’ produce operation and its energy division, which utilizes anaerobic digestion to convert food-waste by-products into renewable natural energy.
Chief investment officer Angelos Dassios says the buyout makes HGS BioScience one of the most complete biostimulant and bionutritional platforms in North America.
The better-for-you food and beverage platform has acquired a global supply chain visibility software company and an energy drinks brand.
The deal brings New Forests’ Tropical Asia Forest Fund 2 to about 80% deployment and signals the firm’s push to develop forestry and natural capital assets across the wider Pacific.
The identity of the seller has not been disclosed but Weyerhaeuser highlighted its sale of 28,000 acres of Oregon timberland for $190m on an October earnings call.
The firm achieved a 15.5% IRR after a near five-year hold of the afforestation property, with buyers attracted by the development work that has already been done to de-risk the asset.
The firm could invest up to €100m in the platform and intends to plant strategic permanent crops to enhance income streams and ecosystem services.
Steve Bruere says the deal complements an ongoing effort to cement the firm’s position in a Midwest market he sees as the ‘heart of the watermelon’ for the farmland transaction business.