Terra Firma, founded by British multi-millionaire Guy Hands, has owned CPC since 2009 when it paid James Packer and partners about $425m for what was then a 5.6m hectare estate.
The sell-down of northern grazing assets continues for Terra Firma’s Consolidated Pastoral Co, with a deal announced today to sell its Ucharonidge station in the Northern Territory to Malcolm Harris’s Cleveland Agriculture.
One of Australia’s largest pastoral empires has sold three properties in its portfolio spanning more than 740,00ha to a Vietnamese investment group in a deal understood to be worth $135 million.
The hefty mark-up for the 5.5 million ha property could leave foreign bidders in the box seat, testing the government's appetite for foreign ownership less than two years after it rejected China-led bids for an energy grid and agricultural company. energy grid and agricultural company.
Chinese company's takeover of Australian farmland and firms draws mixed reaction from Australia ministers.
The $700 million fund, owned by London based Terra Firma, controls 19 properties across Australia's top end covering more than 5.6 million hectares.
London-based private equity titan Terra Firma is mulling a partial sale of Australia's largest privately owned beef producer, after being approached by several Chinese companies.
According to data provider Preqin, there are 25 private equity funds targeting agriculture investments, with a total target of $1.1 billion.
Circle of Blue have put together an interactive map of land grabs by country and by sector.
Last week, bids closed for an 83% stake in Fonterra's biggest supplier, Dairy Holdings, which oversees 72 South Island farms. Bidders reportedly include Chinese dairy giant Bright Dairy, a pastoral fund owned by Australian investment bank Macquarie Group, British private equity firm Terra Firma. US private equity firm Carlyle Group and the Harvard Endowment Fund.
Fears that faceless corporations and international investors would become the new barons of the Australian bush have proved to be unfounded
The debate over foreign investment is set to expand from the mining industry to agriculture as overseas investors pour billions of dollars into Australian rural properties considered by some to be strategic national assets.
