Rural Funds Management Limited (RFM), as responsible entity and manager for the Rural Funds Group (RFF), has contracted to acquire ‘Dyamberin’, a 1,728 hectare cattle property located in the New England region of New South Wales. The purchase price will be $13.4m and is expected to settle in October 2018.
Stone Axe Pastoral Company, a Wagyu producer that operates two properties in the region, have entered into a ten year lease. The lease rate is consistent with existing RFF cattle property leases. A security deposit equal to six months rent will be provided by the lessee.
For further information please download PDF attached:
Download this document
