The capital raised will be used to acquire a livestock aggregation in Queensland and two softwood timber supply chain businesses.
A busy selling season for institutional-grade farmland continues in Australia as two more fund managers look to secure a return amid record-high valuations.
The two European pensions have acquired a controlling stake in Wenita Forest Products, with their investments to be managed by Sydney-headquartered New Forests.
The Canadian pension invested into the start-up, which plans to go public, through its Climate Change Opportunities strategy.
CBRE Agribusiness MD David Goodfellow said an ‘enthusiastic’ new crop of farmers were back in the market for rural land after recovering from the drought.
The Australian government’s clean energy investment agency has continued its push into agriculture, backing alternative proteins start-up All G Foods.
The Swedish pension has roughly $1bn in total forestry investments, around 80 percent of which is through direct and co-investment structures.
The deal will see New Forests and AIMCo continue their 10-year partnership and add more than 90,000ha to their Australian farmland portfolio.
The A$150bn Aware Super will sell the Lake Boga portfolio, a collection of assets previously owned by VicSuper pre-merger and managed by Kilter Rural.
The combined company has two facilities in the US with a further five to follow, along with &ever’s established presence in Germany, Singapore and Kuwait.