Permanent Crops

Cordiant Capital managing director Cédric Garnier-Landurie said ‘even the really good names’ have experienced a squeeze on their revolving credit facilities.

Cordiant managing director Cédric Garnier-Landurie says the business wanted non-dilutive capital to support its growth plans but the firm could make an equity investment in the future.

The median price per hectare of Australian farmland has increased for the ninth consecutive year, with CAGR over that period of 11.5%.

Laguna Bay managing director Tim McGavin says DBJ is a ‘natural fit’ with the firm’s investment philosophy and hopes to secure further capital from Japanese LPs.

The acquisition from an unidentified seller adds to more than $500m invested by the pension across Nuveen-managed vehicles that include properties in the US, Australia, Brazil, Chile and New Zealand.

Macquarie Asset Management has A$38.4bn of equity dry powder to deploy across all asset classes after another strong year of fundraising.

The figure for the total annualized return is up on the 10.32% percent recorded in Q3 as returns on a quarterly basis also registered an increase.

Australia’s winter crop set new records this year but a return to more normal rainfall patterns will see production and incomes fall while remaining well above average, according to ABARES.

The property was acquired from Nasdaq-listed business Limoneira Company, which will provide packing and marketing services on a minimum five-year contract.

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.