AAM Investment Group has sold its 14,074ha Sunshine Farms Aggregation in the Lachlan Valley of New South Wales for an undisclosed sum.
A statement from AAM released today said settlement took place yesterday.
The buyer is US-based Nuveen (Westchester). Already a large-scale owner of agricultural land leased mostly to local operators, Nuveen invests funds on behalf of the US Teachers Insurance and Annuity Association of America and College Retirement Equities Fund (TIAA-CREF) and others.
AAM listed the Sunshine Farms Aggregation in August last year, with price expectations said to be more…
