EASTERN Australia rural services company, Delta Agribusiness, and global real estate business, CBRE, are set to enter into a strategic alliance focusing on rural real estate services across New South Wales.
Delta Agribusiness is an independent rural services company with more than 220 employees serving 8000 clients in 28 locations across regional NSW.
Its diverse rural services platform encompasses merchandise, ag chemicals, agronomy and precision ag technologies, animal health, seed and fertiliser, grain marketing and real estate, finance and insurance.
CBRE Group is a Fortune 500 and S&P 500 company headquartered in Los Angeles and is the world’s largest commercial real estate services and investment firm.
CBRE has achieved significant growth and momentum in the Australian rural property market since launching its Agribusiness division in 2012, completing more than $2 billion in transactions, with in excess of $750 million of current campaigns, and over $4 billion of assets valued last year.
The agreement will enable CBRE to offer its agribusiness transaction-based real estate services to Delta Agribusiness’ extensive client network.
In return, CBRE’s broad service offering and international reach will provide access to a broader pool of capital for Delta Agribusiness’ clients.
CBRE Agribusiness director Colin Medway said the strategic alliance highlighted CBRE’s commitment to growing its highly successful Agribusiness platform in Australia, which has grown significantly over the past six years.
“New South Wales is the largest rural transactions market in Australia, and this new relationship with Delta Agribusiness will provide considerable penetration into this important market,” Mr Medway said.
“We are confident this strategic alliance will ensure an exciting growth period for CBRE Agribusiness and Delta Agribusiness, and together, look forward to developing the mutual opportunities presented by this agreement.”
Delta Agribusiness managing director Gerard Hines said he believed Delta’s extensive agronomic and advisory network and client relationships would add significant additional value to prospective vendors and buyers through a pooling of knowledge, technology and expertise to maximise results.