Macquarie Asset Management takes majority share in Australia's Fresh Produce Group
- Fruitnet
- 03 December 2024
FPG owns and operates approximately 1,200ha of premium farmland across Australia where it grows table grapes, citrus, and berries.
FPG owns and operates approximately 1,200ha of premium farmland across Australia where it grows table grapes, citrus, and berries.
Through Macquarie Asset Management, PFJC will invest in farmland with various crops, such as wheat, beans, cotton and avocados on farmlands spread across eastern and western Australia.
Agriculture, long overlooked as a handy defensive investment space by fund managers more interested in infrastructure, commercial real estate and shopping centres, has become the focus of big spending activity of late.
Macquarie Group's $300 million takeover bid for a real estate investment trust, which owns vast farms across Australia, could pave the way for more farming deals involving the investment banking powerhouse and the fresh food giant Costa Group.
Macquarie Group, one of the world’s largest alternative asset managers, has announced that one of its agricultural funds will seek to acquire all of the issued securities in Australian listed farmland REIT Vitalharvest
You’d be surprised to learn that the billion dollar barons of Australian farmland are a Canadian government worker super fund, a New York teacher insurance fund and an Australian pastoral giant backed by a Dutch pension fund
Macquarie-backed Viridis Ag has bulked up its national broadacre cropping portfolio, buying a 356-hectare property in Belubula Valley, amid a steady stream of blue-chip farming deals in Australia.
Macquarie Bank has come under fire for land clearing operations undertaken by Viridis Ag, a farming enterprise owned by the banking group’s agricultural investment management business, Macquarie Infrastructure and Real Asset.
Australia’s Macquarie Group has purchased a 49% stake in cotton farm Cubbie Station from a consortium led by Chinese conglomerate Shandong Ruyi for an undisclosed sum
According to asset managers, a window is emerging for institutional money to flow into agriculture due to change of ownership, notably in markets such as Australia and the US.
Mr Hornibrook, who was a former head of Macquarie Agricultural Funds Management, along with some members of his sales team, were found to have extracted sensitive commercial information from a rival fund.
Tim Hornibrook, head of Macquarie Agricultural Funds Management, obtained sensitive details about a competitor's profits, fee structure and returns by posing as a wealthy investor.
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