Case Studies
Since its inception in 2021, and in addition to the landholdings currently held, PenAgri has acquired, developed and sold five agricultural properties, and achieved a post-tax IRR of 24% for its investors through to April-25, demonstrating its ability to grow value on behalf of investors and meet and exceed market return expectations.
Daisy Downs
Ha 27,569
Region
Mullewa
Purchased
2022
Land Use & Development
Leased for mixed cropping/livestock, de-aggregated
Sold
2023
Acquirer
BP Low Carbon
Acquirer Land Use
Green Hydrogen Production / Tree Carbon Farming
Walgoolan (Highway Gate)
Ha 4,369
Region
Merredin
Purchased
2022
Land Use & Development
Leased for mixed cropping/livestock, de-aggregated
Sold
2025
Acquirer
Local Farming Enterprises
Acquirer Land Use
Broadacre Cropping
Mt Adams
Ha 8,262
Region
Mingenew
Purchased
2021
Land Use & Development
Operated mixed cropping/livestock business, grazing land converted to cropping, renewable energy & soil carbon potential extensively explored
Sold
2025
Acquirer
Hancock Energy
Acquirer Land Use
Withheld (non-agricultural)
Bodallin
Ha 12,765
Region
Merredin – Bodallin
Purchased
2022
Land Use & Development
Leased for mixed cropping/livestock, de-aggregated
Sold
2025
Acquirer
Local Farming Enterprises
Acquirer Land Use
Broadacre Cropping
Southern Cross
Ha 18,161
Region
Southern Cross
Purchased
2022
Land Use & Development
Leased for mixed cropping/livestock, de-aggregated
Sold
2024
Acquirer
Outback Carbon
Acquirer Land Use
Tree Carbon Farming