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OTPP’s AustOn will manage the new entity, known as Pomona Valley, with input from the current owners of the orchards.
Investors Mutual, which holds a 3.6% stake in Vitalharvest, has expressed concern about the value of MIRA’s bid for Vitalharvest, alleging a lack of transparency.
Strawberries, raspberries and blueberries on wooden surface
Primewest took over management rights to the Vitalharvest Freehold Trust in June, which is now subject to a takeover bid from MIRA worth approximately A$185m.
Kim Morison
In his first interview since founding Argyle Capital in August 2019, Morrison discusses his regrets, water’s standout performance and superfunds’ reluctance to invest in ag.
The Frutas Fund will initially invest in Citri&Co and Frutas Esther and could make acquisitions to expand their global presence and product range.
Rural Bank warns that the outlook for 2019-20 is ‘mixed’ and impressive growth in cattle exports this year was largely driven by an increase in production due to drought-induced destocking.
This year’s conference saw more LPs than ever before, as agriculture continues to grow as an asset class.
Meat processor Thomas Foods is selling the 5,728ha horticulture property, which has a High Security water entitlement for the Darling River.
The investment was made from 8 Miles’ first fund, Fund I A, which closed in August 2013 on roughly $200 million, sources confirmed to Agri Investor.
The fund will focus on own-and-operate properties growing kiwi fruit, apples and wine grapes.
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