Warakirri Farmland Fund
Warakirri Asset Management has launched an open-ended farmland fund for institutional investors - the Warakirri Farmland Fund. The fund will invest in a diversified portfolio of investment grade agricultural property. It will buy and develop the assets and lease them to high quality agricultural businesses, as Tenant Partners.
Warakirri says target assets include horticulture (nuts and fruit), viticulture (wine and table grapes), water entitlements and selected row crop farmland assets.
“The farmland strategy leverages our 24 years’ experience in agriculture and supports our objective of providing investors with access to strategies with low correlation to listed markets. It provides an attractive option for institutional investors who are seeking greater access to alternative assets, with low volatility and the strong returns being generated from a diversified exposure to the resilient farmland sector," Warakirri managing director, Jim McKay, said.
The institutional fund launch follows the launch of the Warakirri Diversified Agriculture Fund . In December that found announced it had completed the acquisition of three foundation assets.