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Manulife puts $110m almond aggregation up for sale

Michael Bleby

Investor Manulife wants to tap the unchecked demand for almonds and other crops at a time of geopolitical uncertainty, by bringing a 3908-hectare aggregation across two properties on the banks of the Lachlan River in NSW’s Riverina region to the market with $110 million hopes.

Toronto-based Manulife’s agricultural asset manager has put up for sale the non-contiguous 3822-hectare Lachlan Valley Farm and 87-hectare White Road Orchard with water entitlements.

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