One of Australia’s largest irrigated and dryland cropping operations has been listed for sale.
Located in the highly renowned Border Rivers region, the holding is an amalgamation of the ‘Kalanga’ and ‘Mobandilla’ aggregations, which are operated as a single working enterprise.
Comprising a total land area of approximately 18,028 hectares, Norman Farming operates this specialist farming enterprise, typically growing a combination of irrigated and dryland cotton and cereals/legumes.
Aileen and Arthur Norman acquired Kalanga in 1981, and the operations have since been expanded through further acquisitions, incorporating circa 5,000 hectares of highly developed flood irrigation, with the balance comprising dryland cultivation, water storages and grazing land.
The holding is further benefited by significant water entitlements (maximum volumetric limit of 71,170 megalitres) and on-farm water storages, excellent operational infrastructure, productive soil types, technological developments that enhance on-farm efficiencies and high quality structural improvements.
CBRE Agribusiness’ Danny Thomas and Duncan McCulloch have been appointed to oversee the sale via an International Expression of Interest campaign.
Mr Thomas said the opportunity to acquire a large scale, institutional grade irrigated asset in an area that represents excellent value for money would generate strong buyer interest from domestic and international investors alike.
“The vendors have strategically acquired and developed a first-class asset of international significance,” Mr Thomas said.
“No expense has been spared in the development of the aggregations, which has significantly increased their productivity through expansion of land area and redevelopment of irrigation fields, as well as the introduction of bankless channel irrigation and efficient water management.”
He added: “Norman Farming has historically grown in excess of 40,000 bales of cotton, consistently yielding in excess of 12 bales per hectare.”
Mr. Thomas also paid homage to the vendors and management team at Norman Farming, who are highly regarded in the industry.
• “Norman Farming were recipients of the Australian Cotton Grower of the year in 2010;
• Mr John Norman was a finalist in the Farmer of the Year in 2011 and participates in several industry best management practice programs; and
• The management team are continually implementing Robert Kaplan’s Balanced Scorecard system on to the Farms.”
The properties are being offered for sale on a Walk In/Walk Out basis, inclusive of land, structures, water licenses, plant & equipment and planted crops.
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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 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: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 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.
