Prized South Australian farming aggregation, Maylands, is being offered to the market by way of expression of interest.
The aggregation consists of three contiguous farms known as Callawonga, Maylands and Bramleys, spanning some 1500 hectares of farmland on South Australia's Fleurieu Peninsula.
Located only 90 kilometres from Adelaide, the aggregation is situated in a high rainfall area - averaging approximately 921mm per annum - and features extensive water catchment rights.
Maylands is presently disposed of as a sheep breeding operation and is also suitable to cattle production (including high value Wagyu breeding) and vineyard development.
The aggregation has been assembled by Holdfast Capital, the private investment vehicle of the Kelley Family.
Chairman, Grant Kelley, is a prominent businessman with an extensive career in international private equity and real estate investments.
Previously CEO of Singapore based City Developments Limited, Mr Kelley returned to Australia in 2018 to take the helm of listed A-REIT, Vicinity.
Since assembling the Maylands aggregation, Holdfast has invested significantly in improving the asset, building new infrastructure and undertaking pasture improvement activity, to create an attractive farmland investment opportunity to present to the market.
Elders' general manager real estate, Tom Russo, and rural property specialist, Adam Chilcott have been appointed to oversee the expression of interest process.
"It is rare for an asset of this scale and quality to be offered in the South Australian farmland market, let alone the high rainfall Fleurieu Peninsula," Mr Russo said.
"Accordingly, we are expecting significant interest in the asset from local, interstate and corporate buyers.
"In particular, we are witnessing significant levels of interest in South Australian farmland assets from drought impacted northern farmers seeking to diversify their portfolios and access feed."
