Agrarius Real Assets

Own What Grows

Agrarius Real Assets invests in cash-generating productive assets behind agriculture. We acquire farmland, water rights, orchards, grazing land and agricultural infrastructure, and lease them to experienced operators under long-term agreements.

Our model separates asset ownership from farming operations for more efficient capital allocation:

For agricultural operators, it releases capital tied up in land and infrastructure for working capital, technology and expansion.
For investors, it provides exposure to tangible agricultural assets, contractual rental income and long-term asset appreciation.

We favour assets whose value is supported by productive use and long-term cash-generating capacity, rather than property speculation or short-term commodity movements.

Target Investments

We seek high-quality agricultural assets operated by established farmers and agribusinesses with sustainable operating cash flows.

Farmland: productive irrigated and dryland farmland with strong agricultural characteristics, secure tenure, suitable infrastructure and experienced operators.
Water Rights and Infrastructure: legally recognised water-use rights, dams, reservoirs, boreholes and irrigation systems critical to production.
Orchards and Permanent Crops: established orchards, vineyards and other permanent plantings with proven production histories and long remaining productive lives.
Grazing Land: commercial grazing properties with suitable carrying capacity, water and infrastructure.
Productive Infrastructure: long-life assets such as irrigation systems, packhouses, storage facilities, cold rooms and silos.

We look for:

Clear and enforceable ownership or usage rights
Established productive use
Reliable water access where required
Experienced and aligned operators
Strong operating performance
Sustainable rental capacity
Long useful asset lives
Appropriate insurance and asset protection
Responsible land and environmental management
Alternative uses or operators where possible
Transparent reporting and strong governance

Assets may be acquired through sale-and-leaseback transactions, directly from third-party owners for lease to an operator, or as part of an agricultural expansion or succession transaction.

Investment Structures

Ownership rather than lending

Agrarius is built around direct ownership of productive assets. We acquire eligible agricultural assets and make them available to operators under long-term leases.

Sale and Leaseback: Agrarius acquires an asset from an existing operator and leases it back, allowing the operator to retain its use while releasing capital.
Direct Acquisition and Lease: Agrarius acquires an asset from a third party and leases it to an identified agricultural operator.
Expansion and Strategic Acquisitions: Agrarius acquires land, water rights or infrastructure needed by an operator to expand without funding the purchase from its own balance sheet.
Long-Term Asset Partnerships: Agrarius may act as a permanent owner of strategic agricultural assets for established operators.

Lease terms reflect the productive characteristics of the asset and the operator's cash-generating capacity, with provisions for rental escalation, maintenance, insurance, environmental stewardship and capital expenditure.

Releasing Capital for Productive Growth

Helping farmers unlock growth potential

Agricultural growth requires significant capital. When too much of that capital is tied up in land and infrastructure, less is available for the operating business, where strong operators can often generate higher returns.

Agrarius Real Assets provides an alternative. Operators can sell qualifying land or infrastructure to Agrarius and continue using it under a long-term lease.

This can allow them to:

Release equity tied up in land and infrastructure
Increase working capital
Reduce balance-sheet concentration in fixed assets
Fund expansion without continually buying additional land
Invest in technology, genetics, equipment and productivity
Support succession or shareholder transitions
Consolidate or expand operations
Secure long-term access to essential assets

The objective is not to separate farmers from their farms. It is to allocate capital more efficiently between:

Long-term asset investors seeking stable returns at a lower cost of capital
Agricultural operators able to deploy capital into higher-growth operating activities

Origination Advantage

Agricultural real assets require specialist knowledge.

Agricultural land cannot be valued by location alone. Soil, water, climate, infrastructure, crop suitability, operating history, market access and operator quality all influence productive and investment value.

Agrarius develops its pipeline through relationships with farmers, agribusinesses, agricultural advisers, commodity businesses, banks, development institutions, exporters and industry specialists.

This network helps us identify opportunities that may not reach traditional property investors and assess them through both an agricultural and investment lens.

Disciplined Underwriting

Every investment is assessed across three areas:

The Asset

We assess:

Legal ownership and title
Water availability and rights
Soil quality and productive potential
Historical production
Climate and geographic risk
Permanent plantings
Irrigation and supporting infrastructure
Independent valuation and replacement cost
Environmental considerations
Alternative productive uses
Long-term marketability

The Operator

A strong asset is only part of the investment case. Operator quality is equally important.

We assess:

Operating history and management experience
Historical and forecast cash flows
Rental servicing capacity
Production performance
Customer and offtake relationships
Commodity exposure
Governance and financial reporting
Balance-sheet strength
Alignment with the asset
Environmental and social practices

The Lease

We structure leases to provide durable income while protecting the long-term value of the asset.

We consider:

Lease duration and rental coverage
Rental escalation
Security arrangements
Maintenance and insurance
Water and environmental obligations
Capital expenditure responsibilities
Default protections
Re-leasing potential
End-of-lease asset condition

Our objective is simple: the right asset, the right operator and the right long-term lease structure.

Active Asset Management

Our involvement continues after acquisition.

Agrarius monitors both the physical asset and lease performance throughout the investment period.

Our approach includes:

Regular operator engagement
Site inspections
Rental and financial performance monitoring
Water-use monitoring
Maintenance and capital expenditure oversight
Insurance and regulatory compliance
Protection of soil, water and long-term productive capacity
Planning for lease renewals or alternative operators

Our permanent-capital model allows decisions to be made with a multi-decade perspective rather than around a short fund-exit cycle.

Risk Management

Agricultural real assets combine property, agricultural and counterparty risk. We address each directly.

Operator Risk: experienced operators with proven production histories, strong governance and sustainable rental capacity.
Asset Risk: detailed agricultural, technical, legal and valuation due diligence focused on assets with long-term productive utility.
Water Risk: assessment of availability, legal rights, infrastructure, sustainability and long-term supply.
Climate and Biological Risk: assessment of drought, flooding, temperature, fire, disease and other location-specific risks.
Concentration Risk: diversification across regions, commodities, operators, asset types and production systems.
Liquidity Risk: focus on long-duration capital, quality assets and established agricultural areas with potential alternative operators.
Lease Risk: rental obligations assessed against the underlying economics of the agricultural operation to support sustainable occupancy.

Separating ownership from operations does not eliminate agricultural risk. Asset values and rental capacity remain linked to productive agriculture. Our objective is to understand, price and manage these risks through disciplined asset selection, lease structuring and diversification.

Shari’ah-Compliant by Design

Agrarius Real Assets is intended to operate in accordance with Shari’ah principles, subject to independent review and certification of the final fund and transaction structures.

The strategy is naturally aligned with investment in the real economy and tangible productive assets. Rather than earning interest by lending against agricultural property, the fund owns qualifying assets and earns rental income from their productive use.

Agrarius owns the eligible productive asset
The operator receives the contractual right to use it
The operator pays an agreed rental
Ownership responsibilities remain appropriately allocated to the asset owner
Underlying agricultural activities are screened for Shari’ah compliance
Transactions avoid prohibited interest-based and speculative activities

The final structure and ongoing investment process remains subject to appropriate Shari’ah governance and oversight.

Sustainability and Impact

Long-term capital encourages long-term stewardship

Productive agricultural assets need to remain productive for generations.

As a long-term owner, Agrarius can align investment decisions with preserving and improving the natural resources on which agriculture depends.

We favour investments that support:

Protection of productive agricultural land
Responsible water use and irrigation efficiency
Soil health and regenerative practices
Climate resilience
Biodiversity and responsible land management
Rural employment and economic activity
Improved agricultural productivity
More efficient use of capital within farming businesses
Long-term food security

Environmental, social and governance considerations are integrated into acquisition, due diligence and ongoing asset management.

Our primary objective remains attractive risk-adjusted returns, supported by responsible ownership of commercially productive agricultural assets.

Investment Proposition

Invest in the foundation of the real economy.

Agrarius Real Assets gives investors access to a professionally managed portfolio of productive agricultural land and infrastructure, generating income through long-term contractual leases.

The strategy offers:

Contractual rental income from productive agricultural assets
Direct exposure to tangible real assets
Long-duration cash flows
Potential long-term asset appreciation
Potential inflation protection through rental escalations and real-asset exposure
Diversification from listed equities and fixed income
Agricultural exposure without operating farms
Shari’ah-aligned exposure to the real economy
Environmental and economic impact
Exposure to the long-term growth of African agriculture