TPG hatchery at Mt Martha sold to retirement village operator

Retirement industry player Andrew Philip's RCA Villages has emerged as the $16.26 million buyer of the former Ingham's hatchery at Mount Martha.

Ingham Enterprise's holding at 646 Nepean Highway was 4.5 hectares.

It was offered in May to developers after TPG paid the Ingham family $880 million for its then-94-year old poultry business in 2013.

The parcel is close to Mount Martha beach, located about a kilometre away.

Around one in three chickens sold in Australia is produced by Inghams – which was established in 1918 in Casula, New South Wales.

The selling agent was David Minty of CBRE.