DomaCom sees bullish market for agribusiness
Fractional property investment platform, DomaCom, has remained bullish on agribusiness investment opportunities,in the wake of the recent sale of Kidman & Co to Gina Reinhart and Chinese interests, and launched a new crowdfunding campaign for a northern Queensland beef breeding property.
The company noted that fresh pastures would offer Australian investors the chance to buy a stake in its agribusiness, as people remained motivated to keep rural land in Australian hands and by the steady yield and capital gains they offered.
The Queensland property, which has been in the same family for the past 120 years, had a carrying capacity of 4500 head of cattle, with a long-term capacity to exceed this number.
DomaCom chief executive, Arthur Naoumidis, said: " What our crowdfunding proposal will allow is for this family to retain a significant amount of the equity in the DomaCom book-build, with the capital raised via crowdfunding to be used to pay off bank debt and allow the family to focus on operating the business".
"We will focus our energies on more attainable rural opportunities that we believe will have significant structural benefits for Australian farmers by keeping families on the land with a minimum of debt and helping prevent the sale of properties to overseas interests."
AUTHOR
Oksana Patron
Recommended for you
Grant Hackett has been promoted from CEO of Generation Life to head up the wider Generation Development Group.
Tribeca Investment Partners has made a distribution hire from Australian Ethical in a newly-created role focused on the national intermediary market.
Asset managers may be urged to diversify their product ranges, but investment executives have warned any M&A deal should avoid simply filling gaps and instead consider long-term value creation.
Specialist wealth platform provider Mason Stevens has become the latest target of an acquisition as it enters a binding agreement with a leading Sydney-based private equity firm.
