Australian mega-farm, Seafarms Group has signed with a substantial agribusiness investor AAM Investment Group (AAMIG) and the owners of Legune Station (Legune) to secure long-term access at Legune for Project Sea Dragon.

The proposal will see AAMIG acquire Legune Station and lease the area required for Project Sea Dragon to Seafarms.

A long term lease (90 years) rather than outright acquisition, reduces the initial capital costs for the project while providing long term tenure.

The portion of land not used for Project Sea Dragon will continue to be operated as a cattle station by AAMIG, which has significant experience managing and operating cattle stations.