Delta Agribusiness and Rural Property group CBRE form alliance
- By: "Farm Tender" News
- Agri Political News
- Apr 17, 2018
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CBRE and Delta Agribusiness have today announced they will enter into a strategic alliance to provide an enhanced rural real estate services offering across NSW.
The agreement will enable Delta Agribusiness and CBRE to offer a holistic, full suite of services that will deliver wide ranging benefits for both companies’ clients.
CBRE, a global leader in real estate services, has achieved significant growth and momentum in the Australian rural property market since launching its Agribusiness division in 2012, completing more than $2 billion in transactions, with in excess of $750 million of current campaigns, and over $4 billion of assets valued last year.
Delta Agribusiness is a leading independent rural services company, with more than 220 employees serving 8,000 clients in 28 locations across regional NSW. Its diverse rural services platform encompasses merchandise, ag chemicals, agronomy and precision ag technologies, animal health, seed & fertilizer, grain marketing and real estate, finance & insurance.
The agreement will enable CBRE to offer its agribusiness transaction-based real estate services to Delta Agribusiness’ extensive client network. In return, CBRE’s broad service offering and international reach will provide access to a broader pool of capital for Delta Agribusiness’ clients.
CBRE Agribusiness Director Colin Medway said the strategic alliance highlighted CBRE’s commitment to growing its highly successful Agribusiness platform in Australia, which has grown significantly over the past six years.
“New South Wales is the largest rural transactions market in Australia, and this new relationship with Delta Agribusiness will provide considerable penetration into this important market,” Mr Medway said.
Mr Medway added: “We are confident this strategic alliance will ensure an exciting growth period for CBRE Agribusiness and Delta Agribusiness, and together, look forward to developing the mutual opportunities presented by this agreement.” Delta Agribusiness Managing Director Gerard Hines said: “We are proud to team up with CBRE, and through combining CBRE’s international platform and investor relationships, with Delta’s extensive agronomic and advisory network and client relationships, we believe we can add significant additional value to prospective vendors and buyers through a pooling of knowledge, technology and expertise to maximise results.”
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