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Milltrust builds dairy portfolio in New Zealand for buy-and-lease fund

Milltrust Agricultural Investments has taken a 24.9% stake in a new entity managing a portfolio of eight dairy farms across the North and South Islands.

New Forests’ third Australia-New Zealand fund hits 50% deployment with NZ forestry purchase

The firm acquired Hikurangi Forest Farms for an undisclosed sum, describing it as a ‘cornerstone asset’ for the fund.

Fonterra sells livestock division to Carrfields as strategic review continues

The sale is the latest move in an ongoing review following the announcement of the cooperative’s first ever annual loss in September 2018.

Exclusive: NZ Super Fund considering first investments in US agriculture

New Zealand’s sovereign wealth fund is aiming to increase its ag weighting to 3% of its assets and is increasingly looking offshore to achieve this, following its first move into Australia in 2017.

Soaring commodity prices and rising land values ‘boosting Australian forestry’

We catch up with New Forests chief executive David Brand as the firm starts to deploy its A$873m third fund dedicated to the region.

AGR exits New Zealand animal weighing business in $100m sale

Managing director Daniel Master says the TIAA affiliate grew the company by expanding in Latin America and argues the dairy cycle has yet to peak.

Timber investment central to NZ Super Fund’s strong returns

New Zealand’s sovereign wealth fund has namechecked its 42% stake in Kaingaroa Timberlands as a strong performer in FY18.

Australian Rural Capital to focus on unlisted assets after lack of interest in listed...

The Brisbane-based firm, which was part of a failed Chinese-led bid for S Kidman & Co, has seen ‘continuing interest’ from investors in unlisted assets.

Global Forest Partners sells 60,000ha to Australian firm

The NZ Overseas Investment Office has cleared the sale of Nelson Forests to OneFortyOne Plantations, a deal that was first agreed in December 2017.

New Forests hits full deployment on A$707m antipodean fund

The trans-Tasman manager has sealed the two final deals funded through the vehicle by purchasing two assets from The Rohatyn Group.

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