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Boston, October 14, 2022 /PRNewswire/ – Manulife Investment Management today announced Fresno County, California, on behalf of the investor. The property includes 500 acres of almond, pistachio and citrus orchards and approximately 900 acres of pistachio orchards.
The orchard is well located california The Central Valley is an important agricultural and nut producing region of the United States, with high-quality water rights. In addition, these properties are in close proximity to existing farmland managed by Manulife Investment Management’s Integrated Farmland Management business. The acquired property joins an existing 22,500-acre company-owned pistachio and citrus orchard. Californiaoffering opportunities to benefit from local economies of scale.
“We are proud to add these high quality orchards to our permanent crop portfolio managed by a direct operating team of experienced agricultural professionals for the benefit of our investors.” Oliver Williams, Manulife Investment Management, Global Head of Agriculture Investment. “We believe orchards, as a nature-based solution, can bring economic benefits to our investor clients, along with social and environmental benefits. , Producing healthy and nutritious food can also make a positive contribution to vibrant rural communities as it surrounds these investments.”
Manulife Investment Management manages approximately 400,000 acres of prime agricultural land in major US agricultural regions. usa and Canada, ChileWhen Australia As part of a comprehensive private markets strategy. It also oversees approximately 6 million acres of woodlands. usa, Canada, new zealand, Australia, BrazilWhen Chile.
About Manulife Investment Management
Manulife Investment Management is the global brand of the Global Wealth and Asset Management segment of Manulife Financial Corporation. We draw on more than a century of financial management and all the resources of our parent company to serve individuals, institutions and retirement plan members around the world.Head office location Toronto, our key capabilities in public and private markets are enhanced by an investment footprint spanning 19 geographies. To complement these capabilities, we provide access to a network of unaffiliated asset managers around the world. We are committed to investing responsibly across our business. We develop an innovative global framework for sustainable investing, work and engage with companies in our securities portfolio, maintain high standards of stewardship when owning and managing our assets, and We believe in supporting financial well-being through retirement planning. Today, plan sponsors around the world rely on our retirement plan management and investment expertise to help their employees lead better retirement lives. We help you plan, save and live. Not all offerings are available in all jurisdictions. For more information, visit manulifeim.com.
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Source Manulife Investment Management
