British company of 13.400 hectares sold

One of Britain's largest and most famous farms has been sold. This is a deal worth approximately €219 million. European investors are involved in the sale. With a view to Brexit, the sale comes at a striking time.

It's about Strutt & Parkers Farms. This 100-year-old company is approximately 13.400 hectares in size, but 'only' 5.300 hectares are owned. Most of the country is in the counties of Essex, Suffolk and Cambridgeshire. In addition to several arable locations, the company also includes various real estate locations. A branch of the company is also focused on generating renewable energy.

The official reason for the sale of the company is that the now nearly 80 partners believed that now was a good time to sell. Farmer's Weekly† However, it is also suggested that the decision has to do with Brexit and the current… land prices.

Brexit
The sale of this company in the current political circumstances shows that there is a lot of confidence in the British agricultural sector, said the broker involved in the deal. The investment firms Robigus and Belport have bought the company. These are investment companies based in the United Kingdom, but the financing comes from European investors. The sale comes at a time when the value of the pound is low.

Anne-Jan Doorn

Anne Jan Doorn is an arable expert at Boerenbusiness. He writes about the various arable farming markets and also focuses on the land and energy market.

aj.doorn@boerenbusiness. Nl

© DCA Market Intelligence. This market information is subject to copyright. It is not permitted to reproduce, distribute, disseminate or make the content available to third parties for compensation, in any form, without the express written permission of DCA Market Intelligence.