Investment Overview
The Warakirri Farmland Fund buys, develops and owns a diversified portfolio of Investment grade agricultural property for the primary purpose of leasing the assets to high quality agricultural businesses, as Tenant Partners.
Investment Strategy
The investment portfolio will be developed over time within the strategic portfolio asset allocation and will focus on investment grade assets with attractive lease terms and best-in-class counterparties. Target assets include horticulture (nuts and fruit), viticulture (wine and table grapes), row crop farmland assets and water entitlements.
Investment Philosophy & ESG
Warakirri’s investment philosophy embraces the core principles of responsible and sustainable investment. The Fund utilises Warakirri’s Sustainability Framework and where possible, includes strategies to measure, monitor and reduce energy use, carbon emissions and improve biodiversity.
Portfolio Holdings
Indicative Investment Portfolio
| 0-50% |
Fruit (Summer Fruits, Tropical Fruits, Citrus, Pears, Olives, Apples, Avocados, Mangoes & Berries) |
|
| 0-50% |
Nuts (Almonds, Macadamias, Walnuts & Pistachios) |
|
| 0-35% | Wine Grape Vineyards | |
| 0-35% | Table Grape Vineyards | |
| 0-30% |
Row Crops (Irrigated & Dryland) |
|
| 0-20% | Water Entitlements | |
Portfolio Assets
After securing two foundation assets in the Stone fruit sector, the Fund added two large scale vineyards in South Australia and NSW, and a tenant partnership with a leading global wine company. Recently, two further assets were added to the Fund in the Goulburn Valley region, the first of these is a large-scale kiwi fruit aggregation and the second, is an aggregation of four quality orchards producing stone fruit as well as citrus and apples.
The Fund is one of the largest owners of modern and high-density stone fruit orchards in the country with assets in the two premier stone fruit growing regions of Australia – Goulburn Valley and Cobram in Victoria. Two of the assets are in partnership with fresh fruit market leader W. F. Montague Pty Limited, with a third asset in partnership with renowned kiwifruit producer and supplier, Seeka Limited and the most recent fourth asset in partnership with DiOrsa farms, a merged operating platform with two highly regarded Cobram-based grower-packers and Mildura Fruit Company.
The Fund has also acquired and leased back two vineyards, “Coldridge” in South Australia and “Grande Junction” in NSW, on a long term basis to one of Australia’s leading, integrated Australian wine businesses, and ASX listed, Australian Vintage Limited (ASX:AVG). The assets include over 800 ha under vine and a large parcel of premium, high reliability water entitlements.
The Warakirri Farmland Fund now has 6 assets, across 5 agriculture sectors with a portfolio valuation of $150m.
Why Warakirri?
Warakirri’s agricultural capabilities have been developed from the learnings and experience of investing and managing agricultural assets for over 25 years. Experiences, both positive and negative, have shaped our investment philosophy and approach.
Our investor first approach drives an investment philosophy that is patient, diversified, bottom up (value) and with a strong focus on ESG.
With a long history of managing agriculture investments on behalf of institutional and wholesale clients, Warakirri has extensive experience in acquiring, developing and operating a diverse portfolio of Row Crop, Dairy, Open Land Horticulture, Permanent Crops and Agriculture Infrastructure, diversified by geography, sector, markets, commodity, operator, climate and water sources.
The Warakirri Farmland Fund is available to domestic and offshore institutional investors only. For more information, please download the Fund Summary below or contact us on 1300 927 254 or contact@warakirri.com.au for a copy of the Information Memorandum.
This website is maintained by Warakirri Asset Management Limited (ABN 33 057 529 370) (Australian Financial Services Licence Holder No. 246782) and the information above provides general product information only and does not constitute financial advice as it does not take into account an individual’s personal circumstances and is not an offer or solicitation to enter into an agreement. Investors should not rely on the information in this document without first referring to the Fund’s Information Memorandum (IM) and seeking independent advice. An IM for the Fund is available by calling 1300 927 254. The IM should be considered before making an investment decision. Investments entail risks, the value of investments can go down as well as up and investors should be aware they might not get back the full value invested. Any forecasts, projections or other forward-looking statements contained in this document are examples only and may involve elements of subjective judgment and assumptions as to future events which, may or may not be correct or which may later change. There are usually differences between forecasts, projections and actual results because events and actual circumstances frequently do not occur as forecast and these differences may be material.