News Desk

Nuveen Acquires Australian Orchard

Nuveen Natural Capital paid more than $70 million to acquire Macadamia Enterprises in Australia. The sellers, the Manera family, were represented by Mark Barber and Baden Lowrie of Elders Real Estate. The 850-acre property, located along the Queensland coast, includes 106,000 macadamia trees and a state-of-the-art nut-sorting facility. The sale also includes valuable water rights. According to Nuveen Investment Manager Martin Davies, the acquisition aligns with the company’s interest in increasing its permanent crop exposure in Australia. Nuveen’s current Australian portfolio includes 69 properties, with a total of nearly 907,000 acres of farmland, predominantly in Western Australia. Read more HERE. LR EndNote US


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