Please note: you are viewing an old version of this deal. The current version can be found here: Deal #5902

Deal #5902 Version #74162

Namibia
Created at
2018-01-19
Last update
2020-07-01
Last full update
2024-11-04

Land area

Size under contract (leased or purchased area)
  • [2011, current] 644.0 ha
Size in operation (production)
  • [2017, current] 350.0 ha
Comment on land area
SVL consists of three adjacent farms (198 hectares of existing table grape vineyards at Riverside farm (formerly Nivex) and Lakeside farm (formerly Nagrapex) and up to an additional 177 ha of development land at Hillside farm (formerly Golf), which together comprise the SVL Project).

Intention of investment

Intention of investment
  • [2011, current] Food crops (644.0 ha)

Nature of the deal

Nature of the deal
Outright purchase
Comment on nature of the deal
SilverStreet and SVL completed the purchase of existing titled farms and titled expansion land at Aussenkehr.

Negotiation status

Negotiation status
  • [2011, current] Concluded (Contract signed)

Implementation status

Implementation status
  • [current] In operation (production)

Contract farming

Contract farming
Yes
Comment on contract farming
The team is investigating the production of other crops in the area, such as seed-vegetables, and the related potential to work with small-scale farmers to grow vegetables under the hub-out grower model