Oomabah Aggregation comprises five properties acquired by Kilter Rural in a 12-month period. Photo: Colliers

AUSTRALIAN natural capital investment manager Kilter Rural is hoping to raise around $60 million from the sale of its highly productive irrigated and dryland cropping and grazing enterprise in New South Wales’ Southern Riverina.

The 7210ha Oomabah Aggregation is located 8km from Tocumwal, 17km from Finley and 55km from Deniliquin, and close to the Murray River and key commodity processing facilities.

It is the second portfolio offered to the market by Kilter Rural. Late last year, the 1856ha KAF Portfolio in Victoria’s Goulburn Valley was listed as part of a change in strategic direction within the organisation.

Kilter Rural chief executive officer Euan Friday said it was a challenging decision, but the firm is seeking to grow the Kilter Agriculture fund to $500 million.

“The two aggregations represent a value creation opportunity to raise around $100M in capital to execute the change in direction,” Mr Friday said.

“In the medium term, Kilter Rural will focus on running and growing assets in the water space.”

The Oomabah Aggregation comprises five contiguous properties that were
strategically identified and acquired by Kilter Rural over a 12-month period, namely:

• 3080haWahroonga/Oomabah/Main Camp;
• 1197ha Burgess;
• 2086ha Marabou/Belmont;
• 404ha Korringa; and,
• 443ha Swindon.

Across the portfolio is 484ha of irrigated cropping, 5086ha of dryland cropping, and 142ha of grazing, with the balance remnant vegetation and support land.

The 2025 winter-cropping program consists of barley, canola and wheat on mostly red to sandy loams, and some heavier clay soils and grey clay loams.

Colliers Agribusiness agent Duncan McCulloch said the Oomabah Aggregation represents a rare opportunity to acquire a large turnkey mixed farming enterprise in a tightly held district.

“Featuring a well-developed irrigation network, including flood and centre
pivot systems, the aggregation’s proximity to the Murray River and Murray
Irrigation Limited offers further development upside,” Mr McCulloch said.

Kilter Rural’s Oomabah Aggregation includes 484ha of irrigation. Photo: Colliers

Two long-term, triple-net lease agreements underpin the Oomabah
Aggregation, generating a secure income and providing flexibility for either part passive investment or direct operational engagement.

Situated in a 420mm average annual rainfall region, Oomabah is watered by numerous bores and dams, with 1809ML of water entitlements included in the sale.

Infrastructure includes three homes, multiple grain silos and fertiliser storage sheds, and cattle and sheep yards.

The Oomabah Aggregation is available for sale in one line or as separate assets via an upcoming international expressions-of-interest process.

KAF Portfolio

In the meantime, Kilter Rural has raised $13M from the sale of eight irrigated assets that form part of the 1856ha KAF Portfolio in Victoria’s Goulburn Valley.

Strong demand is expected for the remaining four properties which have
benefited from extensive capital expenditure to modernise the irrigation
systems and improve soil fertility and yields.

Located at Girgarre near Kyabram, the 193ha Morgans and 114ha Butler’s are expected to sell for $2.5M and $1.8M respectively.

Both are bordered by the Goulburn Murray Water number 8 Channel, which provides secure high-volume water delivery directly into on-farm irrigation infrastructure.

Layouts have been redeveloped to support more efficient water use and improved yields.

Also at Girgarre, the 464ha Rendell Dairy, which formed part of the Southern Aggregation, is expected to sell for more than $5.5M.

It features fully automated pivot irrigators which have been significantly
improved with new electric drivelines, new fertigation systems and new piping.

Capital expenditure has also been allocated to the flood irrigation area with
new bays and outlets.

The fourth and final block is 227ha Pykes, located close to Tongala.

It includes 167ha of fully redeveloped, highly efficient and fully automated sub-surface drip irrigation.

A 250ML dam not only provides water security but enables the capture of seasonal flows to supplement water deliveries from Goulburn-Murray Water.

Expected to achieve around $3.4M, a key feature of the property has been
capital expenditure on the irrigation system.

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