Australian Financial Review - Queensland aggregation snapped up in ‘cattle and carbon deal’

Ecological investment manager SLM Partners has taken advantage of rising rural property values and the growing attractiveness of farming aggregations offering carbon credit income to offload a 166,000-hectare portion of its Queensland cattle portfolio.

SLM, whose $75 million Australian Livestock Fund is backed by Danish pension fund Pensionskassernes Administration (PKA), sold its Quilpie aggregation, west of Charleville in outback Queensland, to Sydney-based Corporate Carbon for about $13.5 million….

“We are continuing to operate the existing cattle-grazing business and carbon projects on the [Quilpie] properties,” said Gary Wyatt, managing director of Corporate Carbon. “The two complement each other well as we work to enhance the viability of the land.

“We are also finding there is strong market demand for properties with existing carbon projects, contributing to the future sustainability of the land within the region and across Australia.”