Properties include 600ha of citrus plantings featuring a mix of citrus varieties
Super Citrus, one of Australia’s leading privately-owned citrus orchard portfolios, has been listed for sale.
The portfolio features two properties, known as Rosemont and Talinga Park, are situated at Hillston in the New South Wales Riverina region. They cover more than 1,680ha and the 600ha of citrus plantings comprise a mix of citrus varieties but are predominantly planted to navel and Valencia oranges with smaller areas of lemons and mandarins.
“Rosemont and Talinga Park offer scale not seen within the Australian citrus market for some time” says Colliers national director Jesse Manuel.
“Outside of the unique economies of scale, the two other notable features on offer are the significant water entitlements amounting to over 6,300 megalitres for irrigation, as well as the lucrative, long-term fruit supply contract with a major local juice company.
“As a result, we expect strong interest from corporate and institutional investors looking to add to their current citrus portfolio or acquire a substantial foothold in the industry.”
Colliers national director, Tim Altschwager said Hillston is one of the earliest picking areas in the Murray Darling Basin, and its proximity to Griffith provides efficient access to extensive industry resources.
The portfolio also offers several areas which are suitable for further horticulture development, totalling some 260ha across the two properties, with some areas already having irrigation infrastructure in place.
“Fresh market fruit has historically been sold to both domestic and export markets, and the substantial packing facility could easily be recommissioned to offer future on-site packing options,” added Colliers’ Will Sumner.
Improvements include an array of infrastructure to complement the operations including a 54-person workers accommodation hub, various residences and packing shed.
