Rural Funds Group: Purchases property in Queensland

Rural Funds Group Purchases property in Queensland

• Rural Funds Group (RFF) announces contracts have been exchanged for a cattle and cropping property aggregation in Queensland
• On top of the approximate 27.9 thousand ha of land the company will reportedly receive 12.45 thousand ml of water entitlements
• A deposit of $17.2 m, 25 per cent of the purchase price, is expected to be paid in November of this year
• The company says it plans to commence productivity developments and seek a lessee prior to settlement
• Rural FundsGroup will receive interest on the deposit amount prior to settlement