ProTen buys Golden Plains poultry farm
Corporate chicken grower ProTen – which it was today announced is being bought by KKR on behalf of Aware Super – has paid $11 million for a major Golden Plains facility.
The Somerset Poultry at Murgheboluc – initially built just over a decade ago to accommodate 300,000 birds, in 2017 upped to 400,000 when the seller bought the neighbouring block – was offered with a long term to Turosi Food Solutions Group.
KKR manages other Australian and New Zealand infrastructure investments including Queensland Airport Limited, with four facilities, Spark Energy, Zenergy Energy and Ritchies Transport.
KKR builds ANZ infrastructure portfolio
The 82.3ha Somerset Poultry freehold, 124 Windermere Road, includes water access from Barwon Water mains, Barwon River enticements and a bore.
There are also six broiler sheds with capacity for nearly 300,000 per batch under RSPCA conditions.
JLL’s Jock Grimshaw, which marketed the property with Chris Holgar and Chris Lawlor, said the acquisition consolidates ProTen’s position as the country’s leading broiler operator.
“Somerset Poultry attracted significant interest due to its scale, production quality, and strategic location within a strong poultry supply chain network,” according to the executive.
Mr Lawlor added key infrastructure – including Turosi’s hatchery and processing plant, Ridley’s Lara feedmill, and Avalon Airport – delivered “strong operational and logistical advantages”.
“Somerset Poultry is a first-class enterprise and a strategic addition to ProTen’s network,” he said.
Murgheboluc is about four kilometres south of Bannockburn
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