date:Dec 04, 2019
Canada's big spending Public Sector Pension Investment Board has bought into another Australian nut orchard venture, also paying $490 million for 89,085 megalitres of high security water in the lower Murray Darling Basin.
PSP Investments, one of Canada's largest pension investment managers, has bought the water from almond grower and processor Olam International, plus 12,000 hectares of Victorian almond orchards currently leased by Olam Orchards Australia.
The orchards and associated permanent