Brief: Eastern Australia Agriculture Relists $180 Million Portfolio | Global AgInvesting

Brief: Eastern Australia Agriculture Relists $180 Million Portfolio

Brief: Eastern Australia Agriculture Relists $180 Million Portfolio

One of Australia’s largest cotton producers, Eastern Australia Agriculture, has relisted its $180 million farmland portfolio for the third time after listing the portfolio in September 2013 and again in November 2014, at the behest of investors who are looking to gauge the value of the land.  

 

The portfolio features the Kia Ora and Clyde properties in southern Queensland, which boast exposure to a mature water market, as well as significant soil and farming diversity. The property is 37,584 hectares, including 7,860 hectares of wheat planted in 2015, and 12,800 hectares of irrigated land with 252,420 ML volumetric limit per year, making it one of the largest irrigation assets in the country. Today Colliers International reports that the land has the potential to yield of 168,000 bales of cotton and, beyond wheat and cotton, offers opportuities to grow barley, chickpea and sorghum.