Real Assets

Warakirri Asset Management has purchased the seventh and eighth assets for its Diversified Agriculture Fund in a A$22m sale-and-leaseback deal.

Warakirri aims to raise A$500m-A$750m in equity to build a diversified portfolio of broadacre cropping assets, managing director Jim McKay says.

The National Farmers’ Federation ‘Keep Farmers Farming’ campaign is the latest in a string of confrontations between farmers around the globe and governments enacting policies they see as ‘pandering’ to ESG concerns.

Capital was deployed from the firm’s Diversified Agriculture Fund for the farm, which represents the firm’s first poultry investment in Queensland.

Viridios Capital and WealthCheck have purchased Conways Station, where they will pursue large-scale carbon projects and run a sustainable cattle operation.

Jonathan Shively says he will look to help expand existing separate account and structured product offerings to connect institutional capital with farmland.

An individual with credibility across academic, environmental and financial stakeholders would be an asset for increasingly complex timberland markets.

Chief executive Kevin Schwartz says commitments from the firm’s largest existing LPs grew by as much as 50% and played a key role in pushing Food Chain Fund VI beyond its $1.5bn target.

Evidence from ANREV and Growth Farms suggests that growth in Australian farmland values may flatten or at least moderate over the next few years.

APG’s Ben Avery said the asset was a 'very high-quality plantation forestry resource' with significant potential to increase carbon sequestration.