Deals

The acquisition from an unidentified seller adds to more than $500m invested by the pension across Nuveen-managed vehicles that include properties in the US, Australia, Brazil, Chile and New Zealand.

Paraway Pastoral Company, owned by MAM’s Macquarie Pastoral Fund, will sell Borambil Station, Pier Pier Station and the Burmah Aggregation for a likely A$180m.

Perella Weinberg Partners has been appointed to find a US investor to take a 25% stake in NZ Rural Land Company’s existing portfolio.

James Gunton and Tim Easingwood discuss Exponent’s sale of recycling services provider Enva to I Squared Capital.

CAP managing director George McPherson says Merensky Timber will generate more of its own electricity from wood waste after separating from its parent, which owns Westfalia Fruit International.

Capital was deployed from the firm’s STAFF II vehicle, which held an €80m fourth close in August 2022 and is nearing its €100m target.

Chief executive Kevin Schwartz says ag-related strategics like former AgroFresh parent Dow Chemical remain active buyers and sellers across the food and ag value chain.

Chairman Paul Pittman says a planned solar project on the $3.7m property is not guaranteed but has a 'reasonably high probability' of going forward.

Deal creates Oklahoma's first state forest and combats the parcelization of prime timberland, says Conservation Fund senior vice-president Brian Dangler.

The asset manager has also made investments into British greenhouses and a land-based aquaculture system in Norway, as it builds out its food infrastructure assets.