An Australian family, backed by one of South Africa's richest men, has bought its sixth Northern Territory cattle property, acquiring Larrizona Station for $17 million.
Bullish returns from farmland investments are likely to falter in 2021 because of Australia's increasingly prickly trade relationship with our huge agricultural export customer, China.
- Country Life
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04 January 2021
Foreign ownership of farmland in some states has surged to as high as 25 per cent as China maintains its position as Australia's most powerful foreign investor.
- Daily Mail
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14 December 2020
Macquarie Group's $300 million takeover bid for a real estate investment trust, which owns vast farms across Australia, could pave the way for more farming deals involving the investment banking powerhouse and the fresh food giant Costa Group.
Macquarie Group, one of the world’s largest alternative asset managers, has announced that one of its agricultural funds will seek to acquire all of the issued securities in Australian listed farmland REIT Vitalharvest
- Investable Universe
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09 November 2020
American pension fund giant TIAA sold its Southern Riverina farming aggregation between Wagga Wagga and Albury in southern NSW to local Australian farmers after more than a decade of ownership.
The sale includes just under 300,000 head of cattle, nine pastoral leases across the Northern Territory and Queensland totalling around 3.2 million hectares, and a 90 per cent stake in a feedlot business in Indonesia.
Australia’s largest dairy operation, Tasmania’s historic Van Diemen’s Land Company, is reportedly on the verge of being offloaded by its Chinese businessman owner Xianfeng Lu.
- Beef Central
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28 October 2020
The $56.5 billion Harvard University Endowment Fund is preparing to sell another chunk of its Australian almond and cotton holdings after putting the Western Rosella Farming portfolio in the NSW Riverina on the market.
Agricultural investors say the COVID-19 crisis has had little impact on their business and investment intentions, with Australian agricultural land, water and business assets as appealing as ever to investors.
- Farm Weekly
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25 September 2020
The Singaporean-owned company has about 7600 hectares of farmland including a network of 25 properties in the Murray Valley and near Bendigo and in the Victorian Wimmera, carrying about 40,000 breeding sows.
- The Land
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22 September 2020
Giant South Korean conglomerate Hanwha Group is looking to make an exit from the Warragundi aggregation in Australia, just over a year after taking control of the largest acreages in NSW’s Mudgee region.