995 Millewa Road Koorlong VIC 3501

CBRE is pleased to present Thurla for sale, a large-scale almond orchard located at Red Cliffs in the Sunraysia region of Victoria. The property comprises a 2,682* hectare landholding that has been developed to 565* hectares of almonds, planted in 2008-2009 and 2020.

Key features of the opportunity include:

142.8* hectares of almonds planted in 2008-2009, 421.8* hectares of almonds planted in 2020, six centre pivot irrigation sites comprising a total area of 217.8* hectares, with the balance of the land encompassing dryland cropping, grazing and support areas.

The 2008-2009 plantings comprise a mix of Nonpareil, Monterey, Price and Carmel varieties, while the 2020 plantings comprise a mix of Nonpareil, Shasta, Wood Colony and Monterey varieties.

Undulating to level topography with Mallee sands and sandy loam soil types.

Irrigation water is supplied by a Lower Murray Water Authority supply channel, with water lifted using two 185* kilowatt electric motors coupled to Grundfos centrifugal pumps (approximate daily capacity of 19 megalitres), along with a second source of irrigation water being supplied via an agreement with Lower Murray Water to utilise treated wastewater (Class C) from the Koorlong Wastewater Treatment Plant.

Water entitlements include a 294* megalitre Lower Murray Water High Reliability Water Share.

Structural improvements include a residence, office, machinery shed, chemical shed, cool room, workshop and other ancillary structures.

Thurla forms part of the Keyes Ag Portfolio, an institutional-grade almond and avocado portfolio, comprising:

Cavour: A 733* hectare landholding planted to 497* hectares of almonds in Euroley, NSW.

Wallaroo: A 314* hectare landholding planted to 236* hectares of almonds in Darlington Point, NSW.

Little Jalisco: A 588* hectare landholding planted to 287* hectares of avocados in Arriga, QLD.

Arbusto and Boston Park: A 486* hectare landholding planted to 214* hectares of avocados in Karakin, WA.

CBRE is offering the Keyes Ag Portfolio for sale by Expression of Interest closing on Friday 6 June 2025 at 4pm Australian Eastern Standard Time (AEST).

For further information, please contact:

James Beer
0416 859 565
james.beer@cbre.com

John Harrison
0404 335 267
john.harrison@cbre.com

*Approximately