|
|
Article: Orchard prunes Murray assets.
- Article from:
- Australasian Business Intelligence
- Article date:
- June 15, 2008
CopyrightCOPYRIGHT 2008 News provided by Comtex. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Byline: Matthew Cranston
Jun 15, 2008 (The Australian Financial Review - ABIX via COMTEX) -- Orchard Fund Management is reducing its exposure in the Murray-Darling basin by reviewing its Primary Infrastructure Fund. The decision in mid-June 2008 is in response to a nine per cent reduction in its property values and indicates a move to non-irrigation horticulture. Low water allocations and the continuing drought has moved the company's focus into intensive livestock assets such as poultry.
Publication Date: 16 June ...