CBRE Agribusiness has been appointed to market the portfolio owned by Adveq Almond Trust 2 (the ‘Trust’), comprising one of the largest almond orchards globally.
Located in Victoria’s Sunraysia region, the opportunity comprises a portfolio of eight properties with a total land area of approximately 20,000ha, of which approximately 12,000ha have been planted to almonds. The portfolio benefits by a long-term lease to Olam Orchards Australia, a subsidiary of Olam International Limited, the second largest grower and marketer of almonds globally.
The Trust consist of a blue-chip consortium of investors including Schroder Adveq, a leading global private equity manager based in Zurich, Switzerland and a subsidiary of Schroders Plc and Danica Pension, one of Denmark’s largest pension funds. The Trustee for the Trust is Laguna Bay Pastoral Company, an Australia based specialist agricultural fund manager.
CBRE Agribusiness Regional Director Danny Thomas said the opportunity was unprecedented in the current market and expected to attract very strong buyer interest.
“It is very rare for an opportunity of such scale to be presented to market, noting the quality of the underlying assets (developed and managed to a high standard) and the quality of the tenant,” Mr Thomas said.
“The long-term lease to Olam Orchards Australia, one of Australia’s leading agricultural companies and one of the largest growers and marketers of almonds globally, will be very attractive to a deep pool of global investors.”
CBRE Agribusiness is inviting offers for the Portfolio by Expression of Interest.
For further information, please contact Danny Thomas on +61 439 349 977.
Located in Victoria’s Sunraysia region, the opportunity comprises a portfolio of eight properties with a total land area of approximately 20,000ha, of which approximately 12,000ha have been planted to almonds. The portfolio benefits by a long-term lease to Olam Orchards Australia, a subsidiary of Olam International Limited, the second largest grower and marketer of almonds globally.
The Trust consist of a blue-chip consortium of investors including Schroder Adveq, a leading global private equity manager based in Zurich, Switzerland and a subsidiary of Schroders Plc and Danica Pension, one of Denmark’s largest pension funds. The Trustee for the Trust is Laguna Bay Pastoral Company, an Australia based specialist agricultural fund manager.
CBRE Agribusiness Regional Director Danny Thomas said the opportunity was unprecedented in the current market and expected to attract very strong buyer interest.
“It is very rare for an opportunity of such scale to be presented to market, noting the quality of the underlying assets (developed and managed to a high standard) and the quality of the tenant,” Mr Thomas said.
“The long-term lease to Olam Orchards Australia, one of Australia’s leading agricultural companies and one of the largest growers and marketers of almonds globally, will be very attractive to a deep pool of global investors.”
CBRE Agribusiness is inviting offers for the Portfolio by Expression of Interest.
For further information, please contact Danny Thomas on +61 439 349 977.
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About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2017 revenue). The company has more than 80,000 employees (excluding affiliates), and serves real estate investors and occupiers through more than 450 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2017 revenue). The company has more than 80,000 employees (excluding affiliates), and serves real estate investors and occupiers through more than 450 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.
