PRIZED South Australian grazing and farming aggregation Maylands is being offered to the market by way of expression of interest.
The aggregation consists of three adjoining farms known as Callawonga, Maylands and Bramleys, spanning 1500 hectares of farmland on South Australia’s Fleurieu Peninsula.
Located 90km from Adelaide, the aggregation is situated in a high rainfall area averaging 920mm per annum, and featuring extensive water catchment rights.
Maylands is presently utilised as a sheep breeding operation and is also suitable to cattle production, including high value Wagyu breeding, or vineyard development.
The aggregation has been assembled by Holdfast Capital, the private investment vehicle of the Kelley Family. Chairman, Grant Kelley, is a prominent businessman with an extensive career in international private equity and real estate investments.
Previously CEO of Singapore based City Developments, Mr Kelley returned to Australia in 2018 to take the helm of listed A-REIT, Vicinity. In addition to Maylands, Holdfast’s assets are understood to be diverse, include vineyard interests and basketball franchise, the Adelaide 36ers.
It would appear that Mr Kelley is applying his extensive private equity investment expertise to the Maylands farming investment. Since assembling the aggregation, Holdfast has invested significantly in improving the asset, building new infrastructure and undertaking pasture improvement activity, to create a premium farmland investment opportunity to present to the market.
Elders general manager Real Estate, Tom Russo and rural property specialist Adam Chilcott are handling the expressions of interest process.
“It is rare for an asset of this scale and quality to be offered in the South Australian farmland market, let alone the high rainfall Fleurieu Peninsula,” Mr Russo said.
“Accordingly, we are expecting significant interest in the asset from local, interstate and corporate buyers. In particular, we are witnessing significant levels of interest in South Australian farmland assets from drought impacted northern farmers seeking to diversify their portfolios and access feed. This asset will be highly attractive to those buyers,” he said.