Singapore investment fund Silverstrand to sell Wyuna farms

A southeast Asian investment fund has listed its four-farm 4954ha aggregation, located in northeast NSW near Gunnedah. See the details.

A Singaporean regenerative agricultural fund has listed its northeast NSW mixed dryland cropping and grazing property for sale, just two years after purchasing it.

Silverstrand Capital, based in Singapore, is selling the 4954ha four-farm aggregation Wyuna, located 45km southwest of Gunnedah.

Investors in prominent Australian agricultural developers Tiverton Agriculture and Kilter Rural, Silverstrand Capital has a mandate for regenerative agriculture, sustainable aquaculture and natural capital, according to their website.

During its tenure Silverstrand formed the Wyuna aggregation, purchasing the 1589ha Mount Nombi property and the adjoining 3353ha Wyuna property in July 2021 for about $26 million combined.

Wyuna comprises 1954ha developed for the dryland cropping of cereals, oilseeds, chickpeas and sorghum and 2203ha for beef cattle production. The balance includes timbered grazing and remnant vegetation.

Silverstrand Capital are selling their four-farm aggregation near Gunnedah.

It is understood the Wyuna aggregation is expected to receive offers worth about $30 million.

LAWD senior directors Danny Thomas and Colin Medway are handling the sale via expressions of interest closing at noon (AEDT), October 4.

“The Liverpool Plains continues to deliver particularly good value due to its summer and winter cropping capabilities, compared to some other areas which may be fully priced,” Mr Medway said.

“I think there remains room to move on the Liverpool Plains, despite its renown as a region for some of the best agricultural production in Eastern Australia.”

The aggregation is for sale as a whole or as non-contingent lots, although Mr Medway said the aggregated Wyuna offers significant scale.

The property is for sale bare, with a 2024 summer sorghum crop to be planted.

The Wyuna aggregation has an early 20th century homestead located on the Mount Nombi parcel.

There is also a historic, five-bedroom Mount Nombi homestead (circa 1904) with a further five dwellings across the aggregation.

Water security comes via six bores equipped with diesel and solar pumps, supplying an extensive reticulated water system, as well as a number of permanent creeks and catchment dams.

Earlier this year the family of late Fairfax chief executive Greg Gardiner sold the 2658ha mixed farming property, Ruvigne, to the Sydney arm of the Baillieu family who paid more than $40 million.