Macquarie outbid Sydney private equity firm Roc Partners for the second time in two days on Friday after raising its takeover offer for the Vitalharvest trust to $1.24 per unit ($229.4 million), an increase from Thursday’s $1.19.

The group’s real estate arm also upped its alternative offer to acquire all the trust’s assets including its portfolio of berry and citrus orchards leased to Costa Group to $344.4 million from $335.15 million, signalling its strong desire to add Vitalharvest to its stable of agricultural investments.