Daniel Kemp
AACo is developing a framework to ‘measure and report’ natural capital from its vast landholdings in northern Australia, which it hopes will create new revenue streams beyond beef.
New Forests founder and CEO David Brand will remain with the firm until June 2025 and will focus on strategic initiatives and growth opportunities.
Roc Partners partner Frank Barillaro said that many blue-ribbon Australian farmland assets sold to offshore investors may never come back into domestic hands, with superfunds still reluctant to participate in the market.
The deal will help Climate Friendly ‘accelerate delivery on its purpose’, Adamantem Capital said, with the firm rapidly growing since an initial 2021 investment.
The India-focused agtech investor is targeting a $65m first close by October this year, with its second fund now 80 percent deployed.
Farmland values are higher than ever and some investors think there is still further room for growth thanks to the role additional revenue from carbon sequestration will have to play.
Strong commodity prices, low interest rates and favorable weather combined to continue the upward trajectory of Australian farmland values.
The firm has returned to market to raise more capital after acquiring its third property, crossing A$100m in assets under management.
The Australian fund manager has added viticulture to its Diversified Agriculture Fund portfolio, with assets in more sectors to be added in future.
Agribusiness placed ahead of infrastructure and real estate in its attractiveness to investors in a recent survey, a show of confidence in the sector’s prospects in Australia.