Permanent Crops

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.

Macquarie Asset Management has A$38.4bn of equity dry powder to deploy across all asset classes after another strong year of fundraising.

The figure for the total annualized return is up on the 10.32% percent recorded in Q3 as returns on a quarterly basis also registered an increase.

Australia’s winter crop set new records this year but a return to more normal rainfall patterns will see production and incomes fall while remaining well above average, according to ABARES.

The property was acquired from Nasdaq-listed business Limoneira Company, which will provide packing and marketing services on a minimum five-year contract.

PSP Investments has purchased assets owned by Macadamias Australia through its Australian nut platform Stahmann Webster, taking control of more than 1,000 ha of planted orchards.

Australian farmland recorded a ‘solid’ annualized return for Q3 2022, but returns on a quarterly basis fell to just 0.1% as both income and capital growth stall.

The asset manager has appointed a new COO and a horticulture general manager.

Riparian Capital Partners aims to incentivize more sustainable farming practices in the irrigated farming sector through its green water leases, provided via the Riparian Water Fund.

The firm’s natural capital vehicle has invested in a 400ha regenerative almond project in Spain, while its carbon strategy has backed the two million ha Restore Africa initiative.