Major greenhouse farm in S. Australia seeks $30M to grow

As the impacts of climate change and global concern about food security increase the demand for food grown in highly controlled environments, the owners of P'Petual Holdings are set to test investor appetite for protected cropping assets.

Operating since 1997, the business has expanded to become one of the country's largest greenhouse vegetable growers and a major supplier to supermarkets and greengrocers in Australia and overseas.

The Buckland Park property includes a six-hectare modern glasshouse and six hectares of plastic greenhouses. Climate-control technology uses heating, fogging, shading and irrigation to produce vegetables all year round.

Colliers has been appointed to find an investor partner for the South Australian company.

"There's an opportunity for the business to expand and the owners would like to partner with an investor to help them undertake that growth - initially in the form of the development of another four-hectare glasshouse," said Colliers' director of agribusiness transactions, Jesse Manuel. 

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Source: Commercial Real Estate