Criterion Africa Partners managing director George McPherson says investors are mispricing the risks associated with Africa's potential for agricultural development.
Project Sea Dragon, which was being developed by Seafarms Group on land leased from AAM Investment Group, has been placed into administration following a construction dispute.
The property was acquired from Nasdaq-listed business Limoneira Company, which will provide packing and marketing services on a minimum five-year contract.
The pension had also acquired secondaries stakes in two separate farmland funds now managed by Nuveen at the end of 2021, which were worth a combined $456m.
PSP Investments has purchased assets owned by Macadamias Australia through its Australian nut platform Stahmann Webster, taking control of more than 1,000 ha of planted orchards.
The acquisition of Gundaline by a Chinese textiles firm is a sign that Chinese investors are looking Down Under again, with more ‘big deals’ possible in the next 18 months.
The asset manager is also lining up an investment into a 'large fully integrated wood products company in the next several weeks,' confirmed managing director George McPherson.
The acquisition follows a December deal with Restaurant Brands International to expand the Burger King and Popeyes brands across several countries in eastern Europe.
Breakthrough Energy Ventures, a VC fund founded by Bill Gates, contributed to a $12m second-phase seed round alongside Harvest Road and other investors.
The sale price of A$100m for Cherylton Farms is a record for the region for a mixed-farming asset sold on a walk-in, walk-out basis.