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Macquarie Pastoral (`Australian Meat`) fund begins operation with Pooginook purchase
The Macquarie Pastoral Fund today announced it has officially begun operating in Australia with the purchase of the renowned Pooginook Merino Sheep Stud, in the southern Riverina Region in NSW (New South Wales).
The Macquarie Pastoral Fund aims to create a portfolio of land and livestock enterprises of such a scale and spread that it will be able to capitalise on the potential future growth in world demand, while leveraging some of Australia's natural competitive advantages. It is open to wholesale and institutional investors both in Australia and internationally.
Macquarie Pastoral Services’ Director, Tim Hornibrook, said the Macquarie Pastoral Fund has made an auspicious start with the purchase of this highly recognised landmark Merino stud. The award-winning property has been owned by the Taylor family since its foundation in 1912 and current owners and operators, David and Gillian Taylor, recently agreed to sell it to Paraway Pastoral Company Limited, the operating entity of the Macquarie Pastoral Fund.
David Taylor, who was appointed as a Macquarie Pastoral Fund independent director last year, said the motivation for selling such an iconic property to Macquarie was part of a plan to ensure the business continued to operate and grow with the highest standards expected of the Pooginook brand. As an independent director of the Macquarie Pastoral Fund, David Taylor...................... To view our full article Click here
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