TPG to sell 56 farm properties of Ingham

[SYDNEY] Private equity giant TPG plans to sell 56 farm properties of Australia's largest poultry firm, Ingham Enterprises, for up to A$650 million (S$744.6 million), a property agent responsible for the sale told Reuters.

The sale comes a year after TPG bought most of Ingham for A$880 million, according to local media. It also signals TPG's preference to exit assets without public listings despite improved market conditions.

"We've got all the largest pension funds and sovereign funds in the world expressing interest," said CBRE agribusiness director Danny Thomas, who is running the sale.