By Gerelyn Terzo, Global AgInvesting Media
Melbourne, Australia-based boutique investment manager Prime Value Asset Management is selling a portfolio of citrus orchards. The firm is offloading five premium horticultural farms spanning three separate states—Victoria, New South Wales and South Australia—in a listing being managed by JLL Agribusiness. These properties, located in the prime citrus growing areas of Sunraysia and Riverland, are reportedly valued at over A$40million (US$26.1 million).
These orchards — Nangiloc, Orange One, Sunmar, Pomona and Weila — cover a vast 1,211 hectares (2,992 acres) of land. For investors, this offering provides an opportunity to acquire a scalable, geographically diverse collection of farms in one fell swoop, as they are being offered either as a single portfolio or as separate assets through an expression of interest campaign.
According to JLL Associate Director Jock Grimshaw cited by Australian Property Markets, the portfolio’s size, regional diversity and future harvest potential make it a compelling investment in the horticultural sector. A significant part of that appeal is linked to the age of the trees. A substantial portion of the planted area—around 40 percent—is made up of trees that are eight years old or younger. This means a considerable segment of the portfolio is only now reaching its full production potential, paving the way for robust future yields.
Australian citrus orchards, particularly in the Sunraysia and Riverland regions, are considered prime locations for cultivation. These areas benefit from a unique mix of hot dry weather and reliable access to water from the flow of the Murray River, giving the citrus trees a chance to flourish.
From a portfolio standpoint, a move into these orchards offers a strong means of diversification. As a tangible asset class, citrus has a low correlation to traditional markets like stocks and bonds, providing a valuable cushion against swings in market volatility. The returns from these assets are two-pronged, involving steady income from selling the harvested fruit and capital appreciation from the rising value of the land and mature trees over time. This unique combination of returns makes them intriguing to investors seeking both steady cash flow and long-term asset growth.
According to information on Prime Value’s website, the firm’s Citrus Trust portfolio has delivered both varietal and geographic diversification, with the trees primarily consisting of premium Navel oranges and Afourer mandarins. The overarching strategy has been to cultivate top-tier fruit for the export market, allowing the firm to leverage Australia’s sought-after niche in fresh orange exports while targeting an annual return of 12 percent or more. The expression of interest campaign for the citrus portfolio is scheduled to close on Aug. 7, 2025.
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