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Case Study Agribusiness: “Amaroo Orchards”, South Australia

Amaroo Orchards Hero

Challenge

Jesse Manuel and Tim Altschwager from the Colliers Agribusiness Team were appointed to sell one of Australia’s largest individual almond orchards, Amaroo Orchards.

Located in South Australia’s Riverland region, Amaroo Orchards comprises 800 ha of almond plantings, 300 ha of citrus plantings plus surplus land for further development and 14,000 mega litres of water entitlements for irrigation.

Strategy

The sale period saw one of the most difficult rural property market’s in decades with considerable distressed asset sales right across the agricultural sector and few transactions at the top-end of the market.

As a direct result of the Project Team’s perseverance and proactive marketing strategies, Colliers Agribusiness achieved a breakthrough with an offer from ASX listed almond processor; Select Harvests.

Results

After six months of negotiations the team reached an agreement with Select Harvests that included the sale of 1,700 hectares of land and orchards, 8,000 mega litres of water entitlements and extensive plant and equipment for $55.7 million.

The sale was one of the largest individual agricultural property transactions since the sale of Cubbie Station.

 


Related Experts

Jesse Manuel

Director | Agribusiness

Adelaide

Jesse is a registered Land Sales Representative with 17 years’ experience in representing private family, corporate, institutional and Government clients in the divestment and acquisition of medium to large scale agricultural property assets, ensuring that financial outcomes for clients are maximised.

Jesse has gained a broad knowledge of various types of land tenure including freehold and crown leasehold (including pastoral and perpetual leases) in all states of Australia and the Northern Territory.

Significant experience in negotiating complex property transactions for pastoral and grazing properties, horticulture properties, plantation forestry, intensive animal keeping, aquaculture, rural infrastructure assets and other specialised agricultural property assets and portfolios.

Jesse has an extensive national network of rural and property industry participants that include landowners, corporate companies, investors, service providers and state and federal Government agencies.

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Tim Altschwager

National Director | Agribusiness

Adelaide

Tim has been part of the Colliers Agribusiness transaction team since the creation of the division in 2007. Tim specialises in the sale and marketing of large commercial assets within the sector including the wine industry, forestry and horticultural industry. 

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