CBRE Agribusiness has been appointed by AgCAP to market one of Australia’s largest agricultural portfolios, the Sustainable Agriculture Fund (SAF).
Comprising more than 24,000 hectares of highly productive agricultural land located along the Eastern Seaboard of Australia, the SAF portfolio includes five aggregations that have been extensively developed for irrigated and dryland cropping, beef and dairy production.
The individual aggregations include:
1. North Star Aggregation: A 9,710 hectare dryland cropping portfolio (8,546 hectares arable), located in northern New South Wales.
2. Darlington Point Aggregation: A 4,926 hectare irrigated and dryland cropping portfolio located in the Murrumbidgee Valley in New South Wales, comprising 2,611 hectares of laser levelled row crop irrigation with 7,561 megalitres of Lower Murrumbidgee Deep Groundwater (Zone 1) and 5,047 megalitres of Lower Murrumbidgee Deep Groundwater (Zone 3).
3. Western Victoria Aggregation: A 1,445 hectare dryland cropping portfolio (1,261 hectares arable) located at Lake Bolac in Victoria.
4. King Island Aggregation: A 6,785 hectare cattle breeding and fattening portfolio located on King Island in Tasmania, comprising 5,500 Angus cows plus progeny, as well as an extensive list of plant and equipment.
5. Cradle Coast Aggregation: A 1,145 hectare portfolio of dairy farms milking 3,000 cows plus replacements, located in Northern Tasmania, further supported by significant Water Entitlements and plant and equipment.
CBRE Agribusiness’s Danny Thomas said the opportunity was expected to attract strong buyer interest in the current market, given the quality of the assets.
“It is incredibly rare for a portfolio of high quality properties such as these, located in well-regarded and highly institutionalised agricultural regions to be offered to the market contemporaneously,” Mr Thomas said.
“We anticipate the sale process will generate an unprecedented level of interest, with participation from all market sub-groups, from local farming families through to institutional investors.”
The SAF portfolio is being offered to the market via a two stage International Expression of Interest campaign, by either the sale of the units in the trusts or by a sale of the real properties (on a Walk In Walk Out basis).
For further information, please contact Danny Thomas on +61 439 349 977.
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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 (based on 2016 revenue). The company has more than 75,000 employees (excluding affiliates), and serves real estate investors and occupiers through approximately 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.
