BVP PoultryCo seeking equity partner to take a 45pc share of the Brisbane Valley business

One of Queensland’s largest poultry farmers is on the hunt for $8m in funding to grow its operations outside Brisbane.

One of Queensland’s largest meat poultry businesses is seeking an equity partner to expand production to up to 6 million birds a year.

Directors Duncan Brown and his sister Selena Gomersall — who are fourth generation poultry farmers — are seeking an $8m investment into their BVP PoultryCo farm in the Brisbane Valley, less than one hour away from the CBD.

JLL’s Chris Holgar, who is running the expressions of interest campaign with colleague Geoff Warriner and Resolute Property Group’s Ben Forrest and Grant Veivers, said it was a rare offer in the booming agribusiness sector.

“Representing a best-in-class poultry production enterprise featuring 14 existing broiler sheds and development approval for a further six sheds, the newly formed BVP PoultryCo covers a total land area of 331ha,” he said.

“Underpinned by existing Grower Agreements with a leading Queensland poultry company, BVP PoultryCo is ideally situated at Coominya in the Brisbane Valley, a highly productive region only an hour from Brisbane.”

An aerial of the BVP PoultryCo property in the Brisbane Valley

The investment would take a 45 per cent stake in the business and the expansion will increase production by some 290,000 birds per batch to a combined 1 million birds per batch.

Up to six batches of birds are processed every year, increasing the potential number of birds taken to the plan by almost 1.8 million to 6 million annually.

BVP PoultryCo forms part of the Brisbane Valley Protein Precinct – a 1215ha estate approved by state and local governments, which was established by Mr Brown and Ms Gomersall as Australia’s first dedicated intensive livestock and food production precinct.

Production is supported by secure water supply from overland flow, dams, bore water and Wivenhoe Dam if needed. Water supply has proven to be very adequate during recent record dry seasons.

“Australian agribusiness continues to assert its position as a secure and stable asset class,” Mr Holgar said.

“The market is currently the strongest it has been in ten years, and sales activity is not predicted to slow as family, private, institutional and non-traditional buyers look to the rural and agribusiness sectors for investment longevity and stability,

“The rural property market is buoyant across the spectrum, from broadacre cropping and irrigation, water, grazing and intensive production systems such as BVP PoultryCo.

“In particular, the poultry sector continues to offer consumers very low cost protein alternatives against other protein sources.”