HASSAD Australia has listed two South Australian dryland cropping aggregations, and its central New South Wales asset, Raby, to make way for a planned expansion into post-farm gate operations.
In a statement, Hassad Australia chief executive officer, John McKillop, said this preparation for the next phase of the company’s investment strategy came after a review of existing operations by a renewed board and executive team.
“The new leadership plans to redirect the business away from pure primary production to a strategic blend of both farming and investments across the sheepmeat and grain supply chains,” Mr McKillop said.
“In no way does this change in strategy represent any sort of withdrawal or downscale of Hassad’s investment in, or commitment to, the Australian agricultural sector which, as we know, is one of the strongest and most sought-after in the world.
“Hassad Australia’s future lies in a balanced portfolio including farm operations, value-adding, and the creation of a global export business capable of taking Australian food and fibre to the world.”
EP holdings to go
Hassad’s Cummins/Ungarra aggregation on South Australia’s Eyre Peninsula (EP) is for sale with Elders Real Estate.
The aggregation covers 7106 hectares made up of 11 dryland farms. Elders Real Estate general manager, Tom Russo, said this sizeable parcel of highly productive cropping land was expected to attract strong interest.
“The South Australian market typically remains fragmented with large scale aggregations being difficult to acquire,” Mr Russo said.
“The Cummins/Ungarra aggregation is expected to receive significant interest from domestic and foreign corporate buyers seeking large-scale farmland investment opportunities, together with significant local operators looking to expand their operations and achieve further economies of scale.”
Elders has invited expressions of interest for all or part of the aggregation.
EP is a renowned grain-growing region which annually accounts for 30-40 per cent of South Australia’s wheat production.
Mid North, NSW offering
CBRE Agribusiness has been appointed to market Hassad’s Glendale aggregation, comprising 12 semi-contiguous landholdings totalling 3263 hectares, in South Australia’s Mid North.
Located 30 kilometres northeast of Clare, the aggregation is suited to growing dryland wheat, barley, canola, lentils and legumes, as well as grazing livestock.
CBRE’s Phil Schell and Danny Thomas, who are selling the aggregation on behalf of Hassad Australia, said the sale represented an outstanding opportunity to secure a foothold in a coveted farming region.
In NSW, Hassad’s 9,783ha Warren-district sheep holding, Raby, is being listed for sale with Landmark Harcourts via Sydney-based agent, Phil Rourke.
Raby has a long frontage to the Macquarie River and includes 385ha of developed irrigation country and 2,560ha of dryland cultivation; the balance is open native grazing country.
The property is for sale by expressions of interest which close on 19 October.
Hassad Australia was established in 2009 as Hassad Food Company’s first overseas investment. In continues to own a portfolio of grain and grazing properties spread across all mainland states of Australia.