Farming industry get drought resilience help
“For over a century, CSIRO has been working with farmers and governments to improve life on this great land – but today we’re bringing all of our newest science and technology, from Artificial Intelligence to genetics and smart materials, to bear on overcoming our oldest national challenge – drought,” CSIRO chief executive Dr Larry Marshall said.
Fertile agribusiness set to outperform in 2021
On top of a typically fertile spring rural property market, all signs are pointing to an unprecedented season for the agribusiness sector, exemplified in the recent sale of a 11,254 hectare Queensland farm after 157-years in one family. According to CBRE’s latest market review of the sector, the spring of 2021 is set to outperform its predecessors with both market and environmental conditions shining in favour of farmers.
Macquarie Crop Partners high yield for Lawson Grains
Macquarie has sold its 105,000 hectare Lawson Grains portfolio for more than half a billion dollars to Sydney-based New Forests and Canada’s Alberta Investment Management Corporation (AIMCo). The portfolio comprises more than 70 assets – or 10 aggregations – across Western Australia and New South Wales that Macquarie Agriculture had collected since the fund’s launch in 2012.
Yamminga aggregation sells to family
The 670-hectare mixed farm Yamminga Aggregation has been sold for between $9.5 million to $10 million to a family operating a farming, livestock breeding and finishing business in the NSW south west slopes region.
Mallee farmland smashes record
Adjoining blocks in Victoria’s Mallee district have sold to a first-time farmland owner at a virtual auction at what are believed to be record rates for dryland cereal farmland in the region. The 576-hectare Ouyen aggregation was split into two parcels, which sold back-to-back under the virtual hammer at 61% above the vendor’s reserve.
Melbourne duo splash $80m for Byron Bay watering hole
Hollywood celebrity and billionaires playground Byron Bay has seen the biggest pub deal this year after Melbourne duo Scott Didier and fintech founder Scott Emery bought the Great Northern and Lateen Lane properties from the Mooney family for $80 million.
Albury watering hole fetches a whopping $22m
A consortium comprising the O’Hara, Laundy and Cruikshank families has extended their regional NSW hotels acquisitions run, snapping up the Springdale Heights Tavern in Albury off-market for $22 million. The consortium had just picked up the Sportsmans and Duke of Kent hotels in Wagga Wagga.
New England pubs selling like hot cakes
Moree's Royal Hotel has become the third pub in the New England region to change hands in the past 10 days, with purchaser Jim Knox making his second acquisition in the area among those. HTL Property has managed each of the sales, with the agency’s Xavier Plunkett brokering the latest deal via a buy-side mandate for established hotelier Jim Knox.
Ned Kelly takes a punt with Casino buy
The Tattersalls Hotel in Casino, NSW has become the latest pub sale in a bustling market, in a circa $9 million deal. The large format Tattersalls Hotel, Casino includes a public bar, bistro, commercial kitchen, 20 accommodation rooms, a function space and gaming room with 14 gaming entitlements and was sold with a further eight gaming entitlements from a separate pub owned by the same vendor, publican Craig Lusby.
Hunt Hospitality secures historic 170yo pub
Newcastle-based hospitality management firm Hunt Hospitality has acquired the 170-year-old 1851-built Imperial Hotel in Maitland. Manenti Quinlan & Associates, together with Moore and Moore Real Estate, sold the venue to the Imperial Hospitality Group owner back in 2017 and managed the off-market campaign this time around.
