AAM’s flagship Diversified Agriculture Fund is seeking more capital to deploy into its northern Australia cattle assets and to expand its softwood timber businesses.
Managing director David Bryant says the firm was in discussions with institutional investors over potentially leasing its macadamia orchards in Queensland.
Gina Rinehart’s agricultural business secured an ‘excellent outcome’ through the sale, which included two properties not part of the original divestment plan.
The Canadian farmland investment firm could reach $1bn within three years due to a combination of inflation and low financial market yields, says director and co-founder Stephen Johnston.
Roc Partners’ Premium Food Fund was one of three buyers, alongside Primewest and another local buyer, for Harvard University’s Western Rosella portfolio.
The feed mill is the fund’s fourth asset and the first since the purchase of three foundation assets, all of which have been acquired via sale-and-leaseback arrangements.