Poultry Farm

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A poultry farm in the Werribee area has hit the market, with industry interests and land bankers tipped to be interested. 
Colliers International’s Jesse Manuel and Jock Grimshaw have been appointed to sell Parkhurst Farm at 925 Bulban Road, Little River, on the outskirts of Werribee, Victoria. 
The appointment has been made by Richard Hughes of Deloitte in his capacity as Deed Administrator of Parkhurst Farm Pty Ltd (Subject to Deed of Company Arrangement). 
Manuel said with its proximity to the amenity of Melbourne’s west and its expanding urban boundary, the Little River property will be sought-after by a diverse range of buyers. 
“It represents an excellent opportunity for existing poultry industry participants to expand their holdings and geographically diversify, as well as opportunists looking to acquire land in close proximity to major development activity,” Manuel said. 
“Historically we’ve seen chicken meat processors look at these types of farms to convert to breeder farms, the egg industry to rear pullets or install laying infrastructure, as well as the broad acre sector looking to store grain and fertiliser.” 
The property is located about 11 kilometres south-west of Werribee, 38 kilometres north-east of Geelong and 47 kilometres south-west of the Melbourne CBD via the West Gate and Princes Freeways. 
The area of Little River was famously the inspiration for the name of the classic Australian rock band Little River Band. 
Parkhurst Farm is a well developed poultry farm that has a history of both poultry meat and egg production and comprises a total shed production area of over 20,000 square metres. 
The property contains a total land area of 115 hectares (approx.) and has been developed to eight tunnel ventilated grower sheds complete with automated climate-control, feeding, drinking and lighting systems. The sheds were developed from 2003 to 2006, with a key feature being their concrete wall construction. 
Associated improvements include manager’s residence, various farm shedding, grain silos, extensive water storage tanks, office/control rooms, backup diesel generators and a desalination plant to treat groundwater from the onsite bore. Three phase electricity and reticulated town water are connected to the property. 
Grimshaw said the region was characterised by cropping and grazing enterprises and is also a nationally recognised region for commercial chicken meat production with a significant number of broiler farms located in the region. 
Offers are due March 27.
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Little River poultry farm to be sold by administrators

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The Southern Cross Poultry Fund is set to raise around $50 million in equity to buy nine poultry farms in Queensland and South Australia worth more than $70 million.  
According to reports in the Australian Financial Review it will become one of the largest poultry production businesses in Australia after companies Pro Ten and the listed Rural Funds Management.
The AFR cited confidential marketing documents show the assets to be acquired include two farms near Coominya about 60 kilometres northwest of Brisbane, Queensland, which produce about 3 million birds a  year with contracts secured to Baiada until 2020. 
"An additional nine farms will be purchased on the banks of the Murray River, north of the Barossa Valley near Blanchetown. They produce about 9.9 million birds a year with contracts secured to Inghams until May 2024," the AFR reported.
"Overall, 55 sheds will be purchased with a forecast revenue of $13.2 million in fiscal 2018.
"An initial gearing level of between 25 and 45 per cent has been disclosed with investors told they can expect to enjoy a pre-tax distribution yield of 10 per cent a year.
"The fund's indicative modelling suggests a five-year internal rate of return of about 12 per cent." 
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$50 million in equity sought by Southern Cross Poultry Fund

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Demand for chicken meat is tipped to drive interest in a number of poultry farm readying for sale in Victoria.
Colliers International’s Jesse Manuel and Bruce Falk have been appointed to sell a three high quality broiler farm assets in Victoria as a portfolio.
The portfolio of three properties is situated in the Greater Geelong region of Victoria, comprising 11 sheds with a total capacity in excess of 500,000 birds.
The ‘Lethbridge’, ‘Rocky Ridge’ and ‘Winchelsea’ farms feature long-term grower contracts with Baiada Poultry Ltd. 
Colliers International’s Jesse Manuel said he is are currently marketing four commercial broiler farms and are achieving strong interest from existing producers, private investors and as well as investment managers and we expect this high level of interest to continue for the foreseeable future.
Mr Manuel and Mr Falk have also been appointed to sell the Zahara Broiler Farm, located on the Midland Highway in Meredith, Victoria.
Included in the sale of the 60.05ha property is a modern, state-of-the-art four shed broiler farm with high quality accommodation and improvements.
Mr Manuel and colleague Tim Altschwager have also been appointed to sell two high quality duck farms in Victoria, the ‘Glenlee’ and ‘Netherby’ duck farms, each comprising four grower sheds, accommodation and sundry farm improvements.
The farms feature supply contracts with Luv-a-Duck. 
 
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Poultry Farm

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