Fruitful Investment: Scalable Citrus Portfolio Spanning Three States up for Grabs | JLL

Five premium citrus farms across Sunraysia and Riverland with strong varietal mix, expansion potential and professional management on offer

A large-scale, multi-region citrus portfolio spanning Victoria, New South Wales and South Australia has been brought to market, offering investors a unique opportunity to acquire a high-performing, future-focused horticultural enterprise.

The portfolio comprises five premium horticultural farms strategically positioned across key citrus production regions, Sunraysia and Riverland, and includes a combined total land area of approximately 1,211 hectares.

The assets are offered as a single portfolio in one-line or as separate assets, with the sale being managed by JLL Agribusiness on behalf of the owner, Prime Value Asset Management via an expressions of interest campaign.

With water entitlements, land and infrastructure included, the portfolio is expected to attract offers in excess of $40 million, whether sold as a whole or in parts.

JLL Associate Director Jock Grimshaw said the scale, geographic diversity and future production profile of the portfolio made it one of the most compelling horticultural investment opportunities on the market.

“The five farms – Nangiloc and Orange One in Victoria, Sunmar and Pomona in New South Wales, and Weila in South Australia – have been developed with consumer preferences in mind,” he said.

“Approximately 494 hectares are already planted to permanent crops including citrus, with smaller areas of almonds and avocados. Another 316 hectares is suited to future plantings, creating a strong pipeline for future expansion.

“The assets are diversified across three operational hubs in Victoria, New South Wales, and South Australia, offering geographic resilience and supply chain advantages. The varietal mix, spanning early, mid and late season fruit, is structured to meet both domestic and export demand, while helping mitigate the risks of sudden varietal shifts.”

JLL Senior Director, Agribusiness, Chris Holgar, said the offering stood out for its attractive age profile and long-term investment fundamentals.

“The portfolio is managed by Southern Cross Farms, one of the country’s most respected horticultural asset managers, currently in place as farm manager and available for ongoing engagement,” he said.

“Roughly 40 per cent of the planted area comprises trees aged eight years or younger, which means a large portion of the portfolio is approaching full production and will continue to ramp up output in the short-to-medium term.

“That creates a really attractive production curve. Combined with the professional management of Southern Cross Farms and the scale of the holdings, it opens the door to institutional, family office and passive investors alike.”

Mr Holgar said the availability of further developable land on each farm provided a rare avenue for growth that could be realised through continued expansion or value-add initiatives.

“With increasing global and domestic demand for citrus and premium fruit, this portfolio offers a fully scalable platform backed by modern horticultural practices and access to high-quality infrastructure,” he said.

The portfolio of farms is for sale (in one-line or as separate assets) by Expression of Interest closing Thursday 7 August 2025 at 4pm (AEST).