Smith Agri international is pleased to formally confirm the Sale & Leaseback of the A&G Lamattina
Boneo (Rosebud) property to Primewest Agricultural No. 1 Fund.
Smith Agri International prides itself on largely working off-market in support of our clients. “Rarely will
you see a full-page advertising spread when it comes to our market offerings which is strongly
supported by both sophisticated buyers and sellers”, said David Smith, Director of Smith Agri
Smith Agri International was engaged by A&G Lamattina to conduct and facilitate the Sale &
Leaseback of the property located at 125 & 71 Browns Road, Boneo, Victoria. The sale of this
property completed as an ‘off-market’ select offering in the protection of the Lamattina family brand
and long-term secure market supply arrangements importantly provides the family a guaranteed right
to re-acquire the property at the end of the lease term.
The Property located in the highly sought-after Victorian Rosebud green-wedge area consists of
385.06 hectares of land, held in 27 titles, with extensive water rights, modern infrastructure, a number
of dwellings plus significant scope for further development across the green field areas.
Working holistically with the Lamattina family, Smith Agri International conducted extensive internal
due-diligence in support of the quality of the assets, and best-fit lease back terms and conditions
presenting the opportunity to select institutional investment funds believed to be a ‘right fit’ for this
opportunity based upon asset class, asset value, awareness of existing Fund capacity and capability
to complete. Smith Agri International maintains an extensive global database of active and emerging
sophisticated institutional and family office based investors (achieved through 20+ years of direct face
to face engagement in North American, European and Australasian investment markets), meaning we
were able to transparently engage ‘off-market’ in support of this transaction and in the protection of
the Lamattina brand and well established domestic market positions.
Smith Agri International introduced the opportunity directly to a number of international and domestic
institutional investors, exchanging NDA’s and providing Virtual Data Rooms (VDR) for each in
support. “Our holistic offering targets the delivery of solution’s, not problems and of course, ultimately
we have delivered the sale & lease back transaction completed yesterday”.
Smith Agri International currently has over AUD$300m of ‘of-like’ opportunities it looks forward to
transacting in coming months.
Smith Agri International Pty Ltd is a specialist Agribusiness Transactions & Advisory team, licenced throughout
Australia as a professional real estate organisation specialising in the Agricultural / Horticultural / Timberland
sectors on behalf of sophisticated institutional, asset management, industry, family offices and high-net-worth
For further information; www.smithagriinternational.com.au. Contact; David Smith 0418 332 780