Property entrepreneur Vincent Tchenguiz is targeting rising prices for British farmland, taking a stake in Braemar UK Agricultural Land ahead of its expected Autumn flotation.
Tchenguiz’s Consensus Business Group advised Wheddon, owned by the Tchenguiz family trusts, on the investment in the company.
Tchenguiz’s investment in Braemar was not disclosed.
Braemar Group’s UK Agricultural Land business is designed to benefit from the rising cost of lBritish farmland as UK prices move into line with those elsewhere in Europe.
Rising crop prices and an increase in the use of bio-fuels are beginning to push land prices higher.
Braemar UK Agricultural Land is fundraising until 18 July with subscriptions capped at £20m. Minimum investment in the company is £10,000.
It will buy British farmland and hold it for a minimum of five years. The land will be farmed using contractors.
