Marinya Capital, the single family office of Australian media family Fairfax, acquired farmland in Tamworth worth $23M.
Agricultural investment in south-east Queensland
The agricultural business of the Fairfax family will be called Fairglen Farms. The purpose of the venture is to invest in “large scale agricultural businesses for the Fairfax family”. The geographical focus will lie on Australia and New Zealand. Furthermore, strategic partnerships across the agricultural supply chain will be established. The first acquisition is a 990 hectare mixed-farming property in Klroi. Another investment of Fairglen was, according to The Australian Financial Review, a 88 hectare poultry farm that was acquired for $5.45M. The Fairfax family is an active player in agriculture investments and nature conservation. Besides, the company also invests in other asset classes, funds and startups like v2foods.