This article is from the Australian Property Journal archive
RECEIVERS of Rewards Land and Ark Fund have put a portfolio of horticultural properties, totalling 1,986 ha, on the market.
Colliers International has been appointed to sell the properties located in renowned primary production regions of Western Australia and Queensland. The properties are being offered on an unencumbered basis and are for sale individually or collectively by ‘Deadline Offer’, closing Friday 16th December at 5pm.
The assets consist of a total gross area of 1,986 hectares of freehold land and a net productive area of approximately 850 hectares, including properties in Dandaragan and Kununarra in WA and Childers, Kumbia and Mareeba in QLD.
Colliers rural & agribusiness director Phil Schell said the portfolio includes established plantings of mangos and stone fruit plantings of peaches, plums, nectarines and apricots, and other plantings of wine grapes, limes and grapefruit with additional undeveloped land, valuable structural improvements and substantial water entitlements and infrastructure.
“This really is a diverse offering, it presents a rare and exciting opportunity for outside investors and existing local producers to acquire part of one of Australia’s largest diversified horticultural portfolios.
“What a great opportunity for someone to acquire such professionally established properties with proximity to key markets and relationships with customers,” he added.
Schell said the properties have a large and well established customer base which includes Australia’s two largest supermarket chains.
Colliers rural & agribusiness executive Jesse Manuel said there are no doubts that the substantial water entitlements, together with the versatile nature and quality of the properties will be attractive to a wide market.
“Given that a number of the properties were established with this in mind and in consultation with their key customers and emerging markets such as the recently opened, Japanese market, there are significant upsides to this as an investment as a means to capitalise on increasing export volumes over the long term.
“In addition, as one of the largest diversified horticultural property portfolios in Australia, it offers great economies of scale – this will be incredibly appealing to both offshore investors and the increasing number of Australian institutional investors looking at agribusiness as an alternative investment class,” Manuel said.
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