Rural Funds Group looking to buy two QLD properties

Company News

by Rachael Jones

Rural Funds Management as a manager for the Rural Funds Group (ASX:RFF) has contracted to acquire two Queensland properties.

Cerberus is a cattle property acquisition near Rockhampton in Central Queensland. The price is $10 million.

Mayneland is a cotton property acquisition also in central Queensland.

The purchase price including plant and equipment is $18.0 million.

RFF owns a diversified portfolio of high quality Australian agricultural assets.

Shares in Rural Funds Group (ASX:RFF) are trading 0.47 per cent lower at $2.12.