Adveq in $200m Australia almonds play
Adveq’s real assets division has completed the purchase of 18,000 hectares of almond orchards in Australia for A$211 million ($200 million) from commodities conglomerate Olam International. Municipal Employees’ Retirement System of Michigan and Danica Pension participated as co-investors.
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...
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