Daybreak Cropping has purchased Erregulla Plains, extending PSP’s agricultural exposure in Australia to Western Australia’s northern Wheatbelt for the first time.
Foodservice is likely to be the primary customer base on which Wonderful builds out its production, given the popularity of seedless lemons in food preparation industries.
The firm purchased plantations from Norske Skog and signed a long-term contract to supply timber to the Norwegian firm’s mill on the island.
One of Australia’s largest winemakers has entered the market after going into administration last month, with agents expecting ‘wide-ranging’ interest.
The UK-based asset manager sold the neighboring properties to Rallen Australia, a company backed by one of South Africa’s richest men.
The sale of Pinnacle Agriculture followed warnings from Moody’s that the company’s leverage threatened to bring about additional restructuring or distressed debt exchange.
Close up of avocados
Harvard Management Company was forced to write off $1bn of 'deeply troubled assets' in 2017 but made investments totaling $100m in its last fiscal year.
The Agri-Business Capital Fund was launched in February 2019 with an initial €50 million commitment from stakeholders including the EU and the government of Luxembourg.
The A$333m transaction includes six terminals across Australia, with a terminal at Port Kembla in NSW excluded due to competition concerns.
Australian superannuation fund sells its portfolio, a combination of irrigated farming properties and water rights, to a subsidiary of ASX-listed Washington H Soul Pattinson for approximately A$100 million.
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