REAL ESTATE – AUSTRALIA – RURAL

Coronavirus prompts regional migration trend as people seek simpler life

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Original article by Hannah Ross
The New Daily – Page: Online : 11-May-20

Real Estate Institute of New South Wales president Leanne Pilkington expects the COVID-19 pandemic will result in increased demand for rural and regional properties. Pilkington says the virus has made people realise how easy it is work from home, and that they do not need to live in big cities any more for their work. Regional and urban planner Bette O’Brien says regional economies will get the biggest benefit from a post-pandemic migration if people from all age groups relocate from urban areas.

CORPORATES
THE REAL ESTATE INSTITUTE OF NEW SOUTH WALES

Billionaire Briton woos super funds in $600m cattle buyout

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Original article by Damon Kitney
The Australian – Page: 17 & 20 : 15-Oct-19

A management buyout of Consolidated Pastoral Company, has been revealed. Guy Hands, the founder of Terra Firma Capital Partners, which bought CPC from billionaire James Packer and his family in 2009, will have a significant stake in CPC under the management buyout. The value of the buyout is expected to be worth between $600 million and $700 million. It is understood private family companies, high net worth investors and superannuation funds will be invited to buy into CPC. It is Australia’s largest private cattle company.

CORPORATES
CONSOLIDATED PASTORAL COMPANY PTY LTD, TERRA FIRMA CAPITAL PARTNERS LIMITED

High prices to drive spring rural listings

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Original article by Matthew Cranston
The Australian Financial Review – Page: 32 : 27-Aug-18

The drought does not seem to have had too much impact on the value of farm properties in New South Wales, with values in some areas rising by 30 per cent over the past 12 months. Andrew Street of Landmark Harcourts says there is a lot of interest in cotton properties at the moment. Sam Hempinstall of Michael Keating International expects demand for Victorian rural estate to exceed supply during the 2018 spring, with good interest coming from both Asia and Europe.

CORPORATES
LANDMARK HARCOURTS PTY LTD, MICHAEL KEATING INTERNATIONAL PTY LTD, ELDERS LIMITED – ASX ELD, LABOUR PARTY (NEW ZEALAND)

Aussie mango farm sales surge

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Original article by Larry Schlesinger
The Australian Financial Review – Page: 33 : 10-Apr-17

Herron Todd White has reported a significant rise in the sale of Australian mango farms over the past year. Most of Australia’s mangoes are grown in Queensland and the Northern Territory, with the value of yearly output being around $A140 million. About 50,000 tonnes of mangoes are grown in Australia each year, with about 10 per cent being exported to countries such as Singapore, New Zealand and the United Arab Emirates.

CORPORATES
HERRON TODD WHITE AUSTRALIA PTY LTD, PERFECTION FRESH AUSTRALIA PTY LTD

Scene set for Kidman bidding war

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Original article by Kylar Loussikian, Sue Neales
The Australian – Page: 4 : 28-Oct-16

Directors of S. Kidman & Company have endorsed a $A386.5m offer for the pastoral business from Gina Hancock’s Hancock Prospecting and China-based Shanghai CRED. However, the BBHO consortium has signalled that its $A386m offer could potentially be increased. The Hancock-Shanghai CRED deal must be approved by the Foreign Investment Review Board, and Rinehart has indicated that Hancock will acquire full ownership of Kidman if the joint bid is rejected. BBHO has emphasised the all-Australian nature of its bid.

CORPORATES
S KIDMAN AND COMPANY PTY LTD, HANCOCK PROSPECTING PTY LTD, SHANGHAI CRED REAL ESTATE STOCK COMPANY LIMITED, BBHO, AUSTRALIA. FOREIGN INVESTMENT REVIEW BOARD, AUSTRALIA. DEPT OF THE TREASURY, ONE NATION PARTY, NICK XENOPHON TEAM, GLOBAL FARMLAND FUND, SHANGHAI PENGXIN GROUP COMPANY LIMITED

Different rules for Rinehart, say farmers

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Original article by Sue Neales
The Australian – Page: 5 : 25-Oct-16

BBHO syndicate member Sterling Buntine fears that its $A386 million bid for S. Kidman & Company will not be treated fairly by the board. Buntine stressed that a rival bid from Gina Rinehart’s Hancock Prospecting and Shanghai CRED is inferior on two counts, namely being lower at $A365 million and requiring approval from the Foreign Investment Review Board.

CORPORATES
S KIDMAN AND COMPANY PTY LTD, HANCOCK PROSPECTING PTY LTD, SHANGHAI CRED REAL ESTATE STOCK COMPANY LIMITED, AUSTRALIA. FOREIGN INVESTMENT REVIEW BOARD, BBHO

Rinehart swoops on Kidman

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Original article by David Crowe, Sarah-Jane Tasker
The Australian – Page: 1 & 2 : 10-Oct-16

Australian businesswoman Gina Rinehart has submitted a $A365m bid to acquire S Kidman & Company in partnership with China-based Shanghai CRED. Rinehart’s Hancock Prospecting would have a 67 per cent stake in the rural property empire, a move that has the support of Senator Nick Xenophon and One Nation’s Pauline Hanson. Shanghai CRED was a member of the Chinese consortium whose bid to acquire Kidman was blocked on national interest grounds earlier in 2016.

CORPORATES
S KIDMAN AND COMPANY PTY LTD, HANCOCK PROSPECTING PTY LTD, SHANGHAI CRED REAL ESTATE STOCK COMPANY LIMITED, NICK XENOPHON TEAM, ONE NATION PARTY, NATIONAL PARTY OF AUSTRALIA, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, DAKANG AUSTRALIA HOLDINGS PTY LTD, PORT ADELAIDE FOOTBALL CLUB

China land ownership tiny

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Original article by Simone Fox Koob
The Australian – Page: 5 : 7-Sep-16

New data shows that Chinese interests have bought only 1.4 million hectares of the 385 million hectares of agricultural land in Australia, which equates to less than 0.5 per cent. The Treasury report notes that foreign investors own 53 million hectares of the nation’s farmland, with British interests accounting for 27.5 million hectares. Treasurer Scott Morrison has stressed the importance of foreign investment to the domestic economy.

CORPORATES
AUSTRALIA. DEPT OF THE TREASURY, S KIDMAN AND COMPANY PTY LTD, DAKANG AUSTRALIA HOLDINGS PTY LTD

Rinehart ponders bid for Kidman

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Original article by Kylar Loussikian
The Australian – Page: 1 & 2 : 29-Aug-16

Australian businesswoman Gina Rinehart is believed to be considering a joint bid for the S. Kidman & Company rural property empire. The proposal would result in Rinehart’s Hancock Prospecting taking a 66 per cent stake in Kidman, while the balance would be bought by Shanghai CRED Real Estate. The Chinese group recently withdrew from the consortium that had its bid to acquire Kidman blocked by the Federal Government. Rinehart has actively been investing in rural properties in recent years.

CORPORATES
S KIDMAN AND COMPANY PTY LTD,{SPAC}HANCOCK PROSPECTING PTY LTD,{SPAC}SHANGHAI CRED REAL ESTATE STOCK COMPANY LIMITED,{SPAC}SHANGHAI PENGXIN GROUP COMPANY LIMITED,{SPAC}AUSTRALIAN RURAL CAPITAL LIMITED – ASX ARC,{SPAC}AUSTRALIA. DEPT OF THE TREASURY,{SPAC}AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET,{SPAC}GENIUS LINKS ASSET MANAGEMENT,{SPAC}LIBERAL PARTY OF AUSTRALIA,{SPAC}ERNST AND YOUNG

Chinese firm exits Kidman bid group

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Original article by Kylar Loussikian
The Australian – Page: 21 : 26-Aug-16

Dakang Australia’s hopes of gaining Federal Government approval for the acquisition of S. Kidman & Company may be boosted by Shanghai CRED Real Estate’s decision to withdraw from the consortium. Shanghai Pengxin will now be able to seek an additional Australian partner for the consortium, which might be sufficient to allay the national interest concerns which prompted the sale of Kidman to be blocked.

CORPORATES
S KIDMAN AND COMPANY PTY LTD, DAKANG AUSTRALIA HOLDINGS PTY LTD, SHANGHAI CRED REAL ESTATE STOCK COMPANY LIMITED, SHANGHAI PENGXIN GROUP COMPANY LIMITED, AUSTRALIA. DEPT OF THE TREASURY, AUSTRALIA. FOREIGN INVESTMENT REVIEW BOARD, ERNST AND YOUNG, CAPITAL HILL ADVISORY, GENIUS LINKS ASSET MANAGEMENT, AUSGRID PTY LTD, STATE GRID CORPORATION OF CHINA, CHEUNG KONG INFRASTRUCTURE HOLDINGS LIMITED, CONSOLIDATED PASTORAL COMPANY PTY LTD, SHANGHAI ZHONGFU GROUP COMPANY LIMITED, VAN DIEMEN’S LAND COMPANY