Australia’s second-biggest farmland investor has sold its Lawson Grains portfolio comprising 105,000 hectares of crop land in NSW and Western Australia to Sydney-based global forestry investment manager New Forests and Canada’s Alberta Investment Management Corporation.
Major Brazilian meatpacker Minerva Foods and part-owner Saudi Arabia's SALIC have bought two sheep-focused meat processors in Western Australia for almost $48 million with plans to expand their operations.
Investment platform iPartners is pushing into the agricultural sector, launching a $20 million fund to acquire Australian farmland for protected koala habitat to generate returns through its use as a biodiversity offset.
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.
Global investment company Proterra Investment Partners is divesting its Australian farm portfolio – the Corinella Group Pty Ltd consisting of 49 farms across southeastern Australia with expectations of fetching A$350 million.