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Global AgInvesting | 27 April 2021
The Ontario Teachers’ Pension Plan (OTPP), a global asset manager with more than $200 billion in assets under management, has made an undisclosed investment in four family-owned orchards in the Goulburn Valley in the state of Victoria, Australia.
This investment, which is being conducted through Ontario Teachers’ Australian subsidiary AustOn Corporation, will bring together Oakmoor Orchards, run by the Varapodio family; Turnbull Brothers Orchards; Pickworth Orchards; and Chatswood Farm, run by the Hall family.
The newly merged entity, which will be called Pomona Valley, will include more than 500 hectares (1,235.5 acres) of orchards, water rights, two packing houses – OzPac run by the Varapodios family, and Integrity Fruit run by M J Hall and Sons – and additional land in Ardmona, Tatura, Mooroopna, and Toolamba.