Monday, January 24, 2022

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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
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