The Sustainable Agriculture Fund, backed by some of Australia's leading superannuation funds, has struck a hurdle in selling off one of the prized gems in
its rural property portfolio — the King Island Aggregation.
The Australian Agricultural Company's
rural property portfolio has risen in value by almost twice that of Sydney house prices in the last year, with its huge cattle stations having gained 15.8 per cent.
Australia's second biggest landholder, ASX - listed wagyu beef producer AACo, reported a 7 per cent rise in the value of its vast
rural property portfolio in its full - year results.
The country's second biggest landholder, ASX - listed beef producer Australian Agricultural Company, has reported a 7 per cent rise in the value of its vast
rural property portfolio in full - year results released on Wednesday.
Australian Agricultural Company has revalued
its rural property portfolio up 15.8 per cent in value although some are sceptical.
Not exact matches
The fund, managed by
rural property veteran David Bryant, also grew distributions by 4 per cent to 8.92 cents in FY16 (a yield of about 5.4 per cent) as it benefited from rising global demand for the commodities its
properties produce, the increasing scale and value of its
portfolio and growing appetite for agribusiness from big institutional investors.
The deal — one of the largest yet negotiated by
Rural Funds Group — grows that value of its diversified
portfolio to $ 660 million, including six cattle
properties worth $ 101 million that will make up 16 per cent of the
portfolio.
Summer 2015 sees a number of developments for Ibiza's adults - only hotel offering with the former Fiesta Hotel Palmyra, Fiesta Hotel Don Carlos and Fiesta Cala Llonga becoming part of the Palladium Hotels & Resorts
portfolio,
rural boutique
property Agroturismo Sa Talaia transforming into one of the island's top health and wellness retreats, and the island's flagship adults - only
property, Ushuaïa Ibiza Beach Hotel, adding to its gastro offering, bringing the number of onsite restaurants to five.
In addition to a unique and diverse
property portfolio, encompassing urban and
rural estates, the marine interests of The Crown Estate include almost the entire UK territorial seabed out to 12 nautical miles and around 55 per cent of the UK's coastal foreshore.
Advising on the sale of a
portfolio of
rural properties and the sale of a farm in Oxfordshire with complex clawback provisions for the Co-operative Group.
Chola MS General Insurance Company has a diversified product
portfolio, including, accident, engineering, health, liability, marine, motor,
property, travel and
rural insurance for individuals and corporate.
Mark Lester, Alan Johnson and Andrea Thievin specialize in the marketing and sale of real estate assets such as resorts, private islands, waterfront and coastal estates, ranches, agricultural
portfolios, golf courses, ski resorts, marinas, comprehensive development
properties and forestry,
rural and corporate resource
properties.
The
portfolio included 18 aged USDA
Rural Development Section 515
properties totaling 762 units.