Adelaide, 19 November 2013 - A large-scale pomegranate orchard in Mindarie has been listed for sale, providing a unique opportunity to make a foray into one of the fastest growing horticulture industries.
Wanbi Downs, located 210 kilometres north-east of Adelaide in the sought after Northern Mallee region, comprises four titles across 2,548 hectares of freehold land – inclusive of 1,922 hectares of arable land and a 130 hectare pomegranate orchard.
CBRE’s Chris Holgar, who is marketing the property on behalf of Ferrier Hodgson in conjunction with fellow agent Phil Schell, said the property represented an exceptional opportunity to acquire an extensively developed pomegranate orchard, backed by broad acre cropping.
“Due to increased awareness about the health benefits of pomegranates in recent years, the domestic market has grown significantly, with consumer demand for this fruit continuing to rise,” Mr Holgar said.
“Export markets for pomegranate have also remained strong, with increased demand for the fruit in Asia, the Middle East, Europe and the United Kingdom emerging over the past few years.”
Mr Schell said Wanbi Downs also benefited from extensive water resources totalling 266.9 hectares of irrigation.
“The significant water resources at Wanbi Downs lend favourably to further development of the current pomegranate operation,” Mr Schell said.
“The balance of broad acre farming land also provides further diversification to the pomegranate orchard.”
There are several structures located on the property including a four-bedroom dwelling and several sheds to support horticultural operations.
Wanbi Downs is being offered for sale by Expressions of Interest, closing November 29.
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About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2012 revenue). The Company has approximately 37,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 300 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website atwww.cbre.com.au.