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Rural Funds Group Announces New South Wales Cattle Property Acquisition

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.

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