Warakirri Asset Management has announced a new acquisition for its Warakirri Farmland Fund: a 200-hectare aggregation of three orchards located in Victoria's Goulburn Valley. The properties primarily produce kiwifruit, along with smaller volumes of nashi pears, corella pears, and jujubes.
The acquisition is Warakirri's first collaboration with Seeka Limited, a publicly listed company in New Zealand. Seeka operates an extensive production, packing, and marketing infrastructure and is the largest grower of kiwifruit in both countries. It also holds a significant share of Australia's nashi pear production and marketing.
According to Steve Jarrott, Portfolio Manager for the Warakirri Farmland Fund, the investment strengthens the fund's presence in one of Australia's key horticultural regions. He highlighted the strategic value of the Goulburn Valley and the operational capabilities of Seeka, noting the company's footprint in both Australia and New Zealand.
Seeka CEO Michael Franks welcomed the partnership, describing it as an opportunity to support future agricultural development in the region.
The investment, valued at just over $33 million, adds scale and diversity to the Warakirri Farmland Fund's portfolio. The Fund offers institutional investors exposure to agricultural landholdings and currently includes assets such as stone fruit, wine grapes, and other fruit properties across three Australian states.
For more information:
Joe Marassa
Warakirri Asset Management
Tel: +61 4 23 291 016
Email: [email protected]
www.warakirri.com.au