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.

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.