Qantas Super has committed A$200m (€121.5m) to Australian agricultural investment manager GoFarm.
Out of the capital committed by the A$9bn corporate super fund for Australia’s largest domestic and international airline, A$150m has been allocated to GoFarm assets spread across 88,000ha in NSW, Victoria and Tasmania.
GoFarm has also committed more than A$100m of its own capital to the projects which include the Riverina Trust in northern NSW and Sandmount Farms in central Victoria.
Andrew Spence, CIO of Qantas Super, said its investment in GoFarm highlighted the “immense potential” of the agricultural sector.
“At Qantas Super, we’re committed to identifying investment opportunities that deliver strong financial returns to our members while aligning with our values of sustainability and responsible ownership.”
Spence said the capital would unlock substantial value by converting more than 5,000ha of land with substantial water holdings into high-yielding, water-efficient horticultural corps.
“When you combine Qantas Super investment capabilities and partnership approach with GoFarm’s expertise and prudent capital allocation, you have a platform that will not only optimise returns but deliver generational impacts for agricultural and regional communities.”
To read the latest IPE Real Assets magazine click here.
