PRESS RELEASE – Milltrust Agricultural Investments Purchases Lurline North

London, 8 November 2017

Milltrust Agricultural Investments (“MAI”) is pleased to announce the purchase of Lurline North, a large scale mixed cropping farm located near Emerald in Queensland, Australia. The farm has been purchased for the MAI Australia Buy & Lease Fund. Since launching the Fund in 2016, 5 farms have been acquired in Australia, including Lurline North and we will shortly announce the acquisition of 2 further adjacent farms in New South Wales.

Lurline North has a total area of approximately 1,965 hectares, of which 502 hectares are developed to centre pivot irrigation and 703 hectares developed to dryland cultivation. There is the opportunity to further develop additional land for centre pivot irrigation. The farm produces Chickpeas, Cotton, Hay, Maize, Mung Beans, Peanuts, Potatoes, Pumpkins, Rice, Dolicots, Sorghum and Wheat in rotation using both dryland and irrigated cultivation. Produce from the farm is currently sold into both the domestic and export markets, with contracts in place with various companies.

The farm is located near Emerald, approximately 880km north west of Brisbane in Central Queensland. Construction of the Fairbairn Dam 1972 and the development of the Emerald Irrigation allowed for significant development and expansion of agriculture within the region. Agricultural activities in the region include a wide variety of fruit and vegetables, cotton, grains, pulses and cattle.

MAI plans to further develop the farm including increasing the area under centre pivot irrigation as well as establishing a ring tank, various shedding, and silos. Cultivation of additional permanent crops such as citrus and macadamia is a future potential addition being considered.

The investment benefits from the knowledge and experience of the family managed lessee entity, a strong farming family that will be operating the farm and that has a proven development record and profitable track record.

Griff Williams, CIO said “The acquisition of Lurline North provides the Fund with another investment footprint in a promising agricultural region. The investment is complimentary to existing portfolio holdings in that it offers geographic, climatic and farming type diversification. The buy and lease model, coupled with the water security provided by this investment fits with our objectives of reduced risk and consistent income provision for our institutional client base”.

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Notes to Editors:

About Milltrust International Group
Milltrust International (“Milltrust”), the fast growing investment management platform, is an award-winning global investment organisation located in Singapore and London which offers investment advisory expertise focused on emerging markets, in liquid investments, real assets investments, and customised wealth management structuring for our affiliate’s regulated wealth management clients in Singapore.

Milltrust is regulated by the Financial Conduct Authority of the United Kingdom and our affiliate East India Capital Management is regulated by the Monetary Authority of Singapore. The Group is owned and managed by an experienced team that has been investing institutional capital for more than two decades. Milltrust’s investment solutions are specifically adapted for sovereign wealth funds, pension funds, banks, insurance companies, corporates, family offices and charitable endowments, which make up the majority of the firm’s clients.
www.milltrust.com – mai@milltrust.com  – UK: +44 (0)20 8123 8369 – Singapore: +65 6225 3052

About Milltrust Agricultural Investments (“MAI”)
Milltrust Agricultural Investments (“MAI”) is a specialist investment advisor which currently overseas significant institutional capital invested in farmland assets, leveraging a broad international network of leading local agricultural partners. It offers institutional investors access to farmland portfolios diversified across geographies, climates and crops and, separately, provides corporate advisory and undertakes capital raising activities for agricultural projects. We have two key asset management strategies: Global Diversified & Buy & Lease. MAI is also an advisor to the British Innovation Fund, sponsoring and investing into technology from UK universities.
mai.milltrust.com – mai@milltrust.com  – Tel: +44 (0) 7788 421944