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Deal #5902 Version #74163

Namibia

Created at

2018-01-19

Last update

2021-07-16

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). The business has also expanded its irrigated vineyards by ~75%, to 352 hectares

Intention of investment

[2011, current] Food crops (644.0 ha)

Nature of the deal

Comment on nature of the deal

SilverStreet and SVL completed the purchase of existing titled farms and titled expansion land at Aussenkehr.

Negotiation status

[2015, current] Concluded (Contract signed)

Implementation status

[current] In operation (production)

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