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