37 Inveroona Road Bowen QLD 4805

LAWD is pleased to present for sale Koorelah Farms (the Company or the Portfolio), an institutional-scale, vertically integrated horticultural enterprise, specialising in the production of outdoor, vine-ripened gourmet tomatoes, located in the renowned Whitsundays Bowen-Gumlu region of North Queensland.

KEY INVESTMENT HIGHLIGHTS:

• An award-winning enterprise and one of Australia’s largest growers of outdoor vine-ripened gourmet tomatoes, producing approximately 6,000* tonnes annually.
• Comprising a total land area of 274* hectares (178* hectares owned; 96* hectares leased), of which 239* hectares has been extensively developed to prime irrigated farmland (168* hectares owned; 71* hectares leased).
• Secure access to irrigation water via 617* megalitres of water entitlements, including 369* megalitres associated with owned properties and 248* megalitres associated with leased properties, as well as an additional 25* megalitres available through a Water Supply Agreement with the Whitsunday Regional Council, as required.
• A highly regarded industry player with an extensive client base, including leading supermarkets, wholesalers, distributors and retailers across Australia and New Zealand.
• Benefitted by productive soil types, comprising predominantly black to brown sandy clay, clay loams, sandy loams and sandy alluvial loams, coupled with a favourable climate and reliable rainfall (average annual rainfall of 851* millimetres).
• Significant capital investment has been made across the Company, including an extensive packing facility featuring high-tech grading, sorting and packing capabilities with associated cool rooms and refrigeration, and a self-reliant power source (400* kilowatt solar array and 645* kilowatt battery storage).
• Ample opportunities for growth through expansion of horticultural lines, acquisition of further land, increased export volumes, increased utilisation of the packing facility, vertical integration and value-add of low-grade fruit.
• Turn-key offering on a walk-in-walk-out basis with an extensive suite of best-in-class plant and equipment.
• Strategically located in the Whitsundays Bowen-Gumlu region of Queensland, a major hub for horticultural production, close to Bowen (four* linear kilometres), Proserpine (56* linear kilometres) and Mackay (159* linear kilometres).

FOR SALE BY EXPRESSION OF INTEREST

For further information, please contact:

Jaclyn Hope (Senior Director, Corporate Advisory) +61 424 596 858
Alex Horan +61 400 886 560

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