Rivers and mangroves
HSBC Pollination will launch a $1bn fund that will invest in forestry and agriculture as well as a $2bn carbon credit fund that will invest in carbon abatement assets such as rain forests.
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.
SALIC has bought a large aggregation from the Nicoletti in a deal that also represents its investment into sheep production.
Interest from around 2,200 separate parties into the six lots on offer shows that the market for sandalwood grown in Australia is maturing, agent David Smith said.
Rural Funds Management will use some of the proceeds of the sale to further its macadamia orchard development strategy.
cotton farm
The deal for a 49% stake in Cubbie Station is MIRA's first large-scale irrigated cotton acquisition.
TSG-backed Duckhorn Wine is the latest portfolio company to seal a high-profile acquisition in a sector dominated by families.
McWilliam’s Wines has been taken out of family ownership for the first time in more than 140 years after a sale to newly formed Prcstnt Asset Management.
The move into a new crop fits the firm’s plan to develop a year-round portfolio that may one day include organic crops, vice-president Atish Babu tells Agri Investor.
Westchester is selling its NSW Golden Triangle property, Grainfields, expected to fetch a price of more than A$8,000 per ha.
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