Cases & Deals

AAM Investment Group acquires Legune Station

Client(s) Agricultural Asset Management Pty Ltd

Jones Day has advised Queensland, Australia-based asset manager AAM Investment Group ("AAM") on the acquisition of Legune Station, a circa 280,000-hectare property in Australia's Northern Territory for circa A$62 million (US$44.5 million). As part of the transaction, AAM has granted a 90-year lease to the ASX-listed aquaculture company Seafarms Group, which intends to develop "Project Sea Dragon" on the property, one of the world's largest integrated land-based prawn farms.