Agriculture, long overlooked as a handy defensive investment space by fund managers more interested in infrastructure, commercial real estate and shopping centres, has become the focus of big spending activity of late.
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
09 Nov 2020
You’d be surprised to learn that the billion dollar barons of Australian farmland are a Canadian government worker super fund, a New York teacher insurance fund and an Australian pastoral giant backed by a Dutch pension fund
Macquarie-backed Viridis Ag has bulked up its national broadacre cropping portfolio, buying a 356-hectare property in Belubula Valley, amid a steady stream of blue-chip farming deals in Australia.
Australia’s Macquarie Group has purchased a 49% stake in cotton farm Cubbie Station from a consortium led by Chinese conglomerate Shandong Ruyi for an undisclosed sum
According to asset managers, a window is emerging for institutional money to flow into agriculture due to change of ownership, notably in markets such as Australia and the US.
Mr Hornibrook, who was a former head of Macquarie Agricultural Funds Management, along with some members of his sales team, were found to have extracted sensitive commercial information from a rival fund.
Tim Hornibrook, head of Macquarie Agricultural Funds Management, obtained sensitive details about a competitor's profits, fee structure and returns by posing as a wealthy investor.
- Stock Journal
28 May 2014
Investment bank Macquarie Group is buying two farms in Australia's "wheatbelt" bringing its total holdings in Western Australia to 45,000 ha.
- Central Advocate
27 Mar 2014
Pension funds try to adopt a sustainability perspective when investing in farmland abroad, but there is not much consensus on what it means and how to measure it.
This year could see a surge in interest in farmland from investors with very little experience in this complicated asset class, reports Euromoney