Rural Funds Management Limited (RFM), as responsible entity and manager for the Rural Funds Group (RFF), has contracted to acquire two Queensland properties.
Cattle property acquisition: Cerberus
Cerberus is an 8,280 hectare (ha) cattle breeding and backgrounding property located 140 km north west of Rockhampton in central Queensland. The purchase price is $10.0m.
Cotton property acquisition: Mayneland
Mayneland is a 2,942 ha cotton property located 25 km north of Lynora Downs, another cotton property owned by RFF in central Queensland. The purchase price including plant and equipment is $18.0m.
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