Australia is a “robust agriculture-producing nation”, says PGIM Real Estate. According to Australia’s Department of Agriculture, Fisheries and Forestry, the value of the country’s agricultural production is forecast to rise by 6% to A$85 billion ($74.71 billion) in 2025.
PGIM Real Estate has expanded its agriculture financing platform beyond North America for the first time, entering Australia with 10-to-15-year long-term, fixed-rate financing solutions.
PGIM Real Estate announced on March 18 an exclusive partnership with specialist agricultural debt provider Foundation Agri Finance. It closed its first transaction at the end of 2023, providing a loan to a “diversified horticultural business”.
