Alterra Limited (ASX:1AG) is an Australia-based horticultural project developer that engages in the origination, development, and management of agricultural land and water assets, with a focus on repositioning undervalued farmland into investment-grade assets. The company develops large-scale horticultural projects including the Carpenters Avocado Project, a 300-hectare avocado development featuring Hass avocados located between Manjimup and Pemberton in Western Australia's premium horticultural region; water asset management; and partnerships with local execution partners for agribusiness supply chains. Alterra operates primarily in Western Australia, targeting institutional investors and agribusiness stakeholders, and is backed by expertise in capital markets, agricultural investment, and large-scale land management.
Founded in 2008 and headquartered in Perth, Western Australia, the company maintains a lean operational structure with fewer than 25 employees.
In recent developments, Alterra lodged a $693,945 Research and Development claim with AusIndustry for the Carpenters Avocado Project; announced project advancements including securing the 300-hectare site and planting progress in 2021; implemented an equity buyback program closing in April 2024 with 8,544,239 shares repurchased; deferred its general meeting; and was suspended from quotation on July 24, 2024, followed by removal from the ASX Official List on July 29, 2024.