By Lynda Kiernan-Stone, Global AgInvesting Media Queensland Investment Corporation (QIC) has agreed to acquire Stuart’s Creek, the last asset in the Packhorse Pastoral portfolio being sold following the tragic loss of Thomas Strachan, Packhorse’s co-founder and executive director, and his son Noah, and their pilot Garry Liehm, when they died in a plane crash in […]
By Lynda Kiernan-Stone, Global AgInvesting Media Packhorse Pastoral Company Australia (PPCA) launched in Australia in 2021 with its eye set on building a $1 billion portfolio of regenerative cattle properties by 2027 that would play a critical role in carbon sequestration and addressing climate change. The plan called for properties to operate mostly under a service […]
By Lynda Kiernan-Stone, Global AgInvesting Media After nearly 50 years in the hands of the same family, JLL Agribusiness has managed the sale of the entire 18,000-plus hectare (44,924-acre) Carson Family Portfolio (Ooraine Pastoral Company) located near the township of Dirranbandi on the lower Balonne floodplain in southwest Queensland, Australia. Initially listed for sale by […]
By Lynda Kiernan-Stone, Global AgInvesting Media Having secured approval from Australia’s Foreign Investment Review Board (FIRB), Consolidated Pastoral Company (CPC) has successfully completed its acquisition of Langley Station, including all cattle, a plant, and equipment, for A$17 million. Located adjacent to the Jimarndy aggregation, which CPC acquired in October 2022 in a record-setting A$48 million […]
By Lynda Kiernan-Stone, Global AgInvesting Media PGIM Agricultural Investments (PAI) has acquired 3,537 acres of lemon orchards in Tulare County, California, from Limoneira, a diversified citrus growing, packing, and marketing company with related agribusiness and real estate development operations, for $100 million. The properties consist of a total 2,700 planted acres, another 231 acres of […]
By Lynda Kiernan-Stone, Global AgInvesting Media Gundaline, one of Australia’s largest irrigated farming assets, has been acquired by international textile manufacturer Zhejiang Sunrise Garment Group for approximately A$120 million (US$85 million) through an expressions-of-interest process handled by LAWD senior director Danny Thomas and director Elizabeth Doyle. Located at Carrathool, in the Murrumbidgee Irrigation area of […]
By Lynda Kiernan-Stone, Global AgInvesting Media Colliers Agribusiness is beginning 2023 on a high note, having been appointed by partners Brett Blundy and Jane and Scotty Armstrong as the agents to exclusively market Northern Australia’s most developed cattle property, Beetaloo Aggregation. Located in the Northwestern end of the Barkly Tablelands near Elliot, NT, Beetaloo Aggregation […]
By Lynda Kiernan-Stone, Global AgInvesting Media Macquarie Infrastructure Partners V (MIP V), an Americas-focused infrastructure fund managed by Macquarie Asset Management, announced an investment that will ultimately make Macquarie a controlling factor in the largest independent agriculture port terminals operator in Brazil. MIP V has entered into an agreement to invest 500 million reais (US$91.9 […]
By Lynda Kiernan-Stone, Global AgInvesting Media Tim McGavin, founder and CEO of Laguna Bay, told GAI News in a former 2020 interview, “I would say that Laguna Bay’s origination edge comes from our strong reputation and broad networks amongst the agricultural community. We are a private, staff-owned firm with long-term patient capital, so we control our […]
By Lynda Kiernan, Global AgInvesting Media Hancock Natural Resource Group (HNRG), a company of Manulife Investment Management, has acquired 12,874 hectares (31,812 acres) of eucalyptus plantations in Mato Grosso do Sul, Brazil, through its affiliate Sempre Verde Florestas e Agricultura Ltda, from AMATA, through AMATA subsidiary APEI Plantio de Floresta Exotica S.A. (APEI). Concurrently, Manulife […]
