Inghams Murray Bridge feedmill to attract global buyer interest
Ingham's Murray Bridge feedmill to attract global buyer interest
| 23 February 2017
CBRE has been exclusively appointed to manage the sale and leaseback campaign of Ingham’s new Murray Bridge feedmill located in South Australia.
The new state of the art facility will be situated at Flagstaff Road in Murray Bridge approximately 75km from Adelaide.
The facility, which is to be constructed by rural construction and infrastructure specialist Ahrens, will include warehousing, grains, meal and product silos.
CBRE’s Chris O’Brien, Mark Granter and Danny Thomas are managing the sale process, which includes a 20-year leaseback to Ingham’s, with further options available.
Mr O’Brien said the scale of the property and strong tenancy profile would attract global investment interest.
“This sale represents an outstanding opportunity to acquire an investment grade agricultural asset backed by a long term lease agreement to Ingham’s – one of the region’s most respected companies,” Mr O’Brien said.
Murray Bridge is a highly regarded farming and agricultural area, with primary production including horticulture, viticulture, dairy, intensive livestock production and associated processing activities.
The property benefits from a strategic location in close proximity to key transport infrastructure permitting unrestricted access by B-double vehicles along Flagstaff Road.
Ingham’s CEO Mick McMahon said: “Chicken is the most popular meat in Australia and the demand continues to grow. We supply more than one third of the nation’s chicken production with our South Australian sites supplying the Eastern Seaboard and Western Australia. To meet the growth in demand, we are increasing our investment in the business over the next few years and the majority of this will be in South Australia.”
Expressions of Interest close April 4 at 5.00pm.
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CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2016 revenue). The company has more than 75,000 employees (excluding affiliates), and serves real estate investors and occupiers through approximately 450 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.