SA olive growers expand in Coonalpyn

SA olive growers expand in Coonalpyn

The families behind Pendleton Olives and Tatiara Olive Processing have expanded their footprint in South Australia with the purchase of the large-scale Coonalpyn Olives landholding.

The Agostino and Whiting families bought the 1,232ha property at 394 Burns Road, which is located within one of Australia’s best olive-growing regions and currently has approximately 71,000 olive trees planted.

Barnea olive trees account for 70% of the high-density, 214ha planted grove, accompanied by Manzanillo, Leccino, Frantoio and Picual.

The site is 16km north-east of Coonalpyn, 42km north of Tintinara and 169km south-east of Adelaide, while the nearby Dukes Highway provides easy access to local olive-processing facilities.

It transacted on a walk-in, walk-out basis, with improvements headlined by a modern home, 540sqm shed, frost fans and irrigation infrastructure, and a 1,136ML water licence.

Angus Bills and Phil Schell from CBRE Agribusiness managed the campaign on behalf of Starcomgistic Australia Pty. Ltd.

“Coonalpyn Olives gave the buyer a perfect, turnkey way to expand its production in South Australia,” Mr Bills said.

“It’s a high-density olive grove on a large-scale landholding, accompanied by quality improvements, excellent infrastructure and a secure water resource.”

Source: CBRE Group