Specialised integrated grain handling business, Agrigrain in NSW offered for sale
Opportunity to acquire two grain receival sites situated in Narromine and Coonamble
NEW SOUTH WALES, 14 APRIL 2020 – A major grain handling business in New South Wales - Agrigrain has come to market through JLL, representing a unique opportunity to acquire two well established grain receival and handling facilities.
Agrigrain has been operating in Narromine for over 25 years and in 2012 increased its New South Wales presence, opening a storage and handling site in Coonamble.
The business, over two sites at Tullamore Road Narromine and Gadsens Lane Coonamble, are being offered for sale through an Expressions of Interest campaign by JLL Agribusiness directors Chris Holgar, Clayton Smith and Geoff Warriner.
JLL’s Chris Holgar said, “This is a unique opportunity to acquire two well-established grain receival and handling facilities located within the heart of New South Wales. The business offers practical operational infrastructure underpinned by an established client base of nearly 800 individual growers.”
JLL’s Clayton Smith said: “The Agrigrain business has the advantage of offering an integrated year-round service which includes a range of services, including accumulation, trading, storage, cleaning, container packaging and logistics and freight.”
Agrigrain reports that it has delivered the equivalent of in excess of 13,000 containers per year across more than ten different product types.
Mr Holgar said, “A distinct advantage of the Narromine administrative headquarters is that it adjoins the Parks-Narromine railway allowing for efficient rail movement of stock to various domestic and export ports, including Port Botany and the Port of Newcastle.”
Australia’s global competitive advantage in food production highlights the importance of this type of asset for investors, as Australia currently exports 65% of all domestically produced food products (importing only 15%).
The sites which comprise Agrigrain (Narromine and Coonamble) are offered for sale by Expressions of Interest in one line or as separate assets.
JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. JLL shapes the future of real estate for a better world by using the most advanced technology to create rewarding opportunities, amazing spaces and sustainable real estate solutions for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $18.0 billion, operations in over 80 countries and a global workforce of more than 93,000 as of December 31, 2019. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.