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.