Adveq in $200m Australia almonds play

The orchards, located in Victoria, account for approximately 50% of Australian almond output and 3.5% of the global total. According to the Almond Board of California, the global almond market was worth $5 billion in 2013.

Of the 18,000 hectare plot, 12,000 hectares are currently planted with 3 million trees. The asset will be leased back to Olam. The company claims to be the world's second-largest almond grower, with 30,000 acres of orchards in Australia and a further 7,000 acres in California.

"We are pleased to have kick-started our co-investment platform with almonds, the king of crops, and have like-minded co-investors alongside us," Berry Polmann, executive director of Adveq Real Assets, said in a statement.

"Institutional investors are attracted to farmland investments for their diversification benefits and long-term inflation protection. In addition, investors require sustainable performance, in an asset class that might be challenging to access."

Adveq invests in private equity funds and real assets on behalf of institutional groups including pension funds, insurance companies, family office and other financial institutions. It currently has approximately $5.4 billion in assets under management.

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• Topics
• Australasia
• Buyouts
• LPs
• Australia
• Agriculture
• Commodities
• Adveq Management AG
• buyout