The Clean Energy Finance Corporation (CEFC), an Australian government-owned green bank, and CDPQ, a global investment group, have launched of a strategic partnership focused on agricultural land in Australia, with a first acquisition of a farm dedicated to row crops located in New South Wales.
The new platform will invest an initial amount of A$200 million ($tk million) over the next three years to acquire assets that will be managed by Gunn Agri Partners, a leading Australian farmland manager, of which CDPQ and the CEFC will become minority shareholders.
The first asset acquired covers 1,200 hectares of arable crops and areas suitable for grazing and conservation. Weather conditions in the area allow for a range of summer and winter cropping options—including cereals, oilseeds, pulses and dryland cotton.
The first asset acquired covers 1,200 hectares (TK acres) of arable crops and areas suitable for grazing and conservation. Weather conditions in the area all