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PSP Investments has paid more than $100m to secure more than 1000ha of macadamia orchards and vacant land from industry pioneers, the Steinhardt family.
Nuveen now owns $2 billion worth of Australian farmland and has plans to grow its exposure to permanent crops that offer higher returns.
The orchards are being offered by the Manera family, which has turned its attention to developing a big housing estate in Bundaberg.