Rural Funds Group acquired Kaiuroo Aggregation from TRG Management LP for AUD 68.8 million.
November 28, 2021
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Rural Funds Group (ASX:RFF) acquired Kaiuroo Aggregation from TRG Management LP for AUD 68.8 million on November 29, 2021. A deposit of AUD 17.2 million (equal to 25% of the purchase price) is expected to be paid in November 2021, funded from RFF?s debt facility. Tom Russo and Andrew Williams of Elders Warwick and Virgil Kenny of Elders Rockhampton acted for TRG Management.
Rural Funds Group (ASX:RFF) completed the acquisition of Kaiuroo Aggregation from TRG Management LP on November 29, 2021.
Rural Funds Group is an Australia-based real estate investment trust (REIT). The Company owns a diversified portfolio of agricultural assets that are leased predominantly to corporate agricultural operators. It is primarily engaged in the development and leasing of agricultural properties and equipment. The Company leases almond orchards, macadamia orchards, vineyards, cattle properties, cropping properties, agricultural plants and equipment, cattle, and water rights. The Company holds three almond orchards approximately 4,068 planted hectares; six vineyards approximately 636 planted hectares; 13 macadamia orchards approximately 1,906 planted hectares; seven properties with areas to be developed into macadamia orchards with 2,520 hectares; 23 cattle properties made up of 18 breeding, backgrounding, and finishing properties and five cattle feedlots with a combined capacity of 150,000 head, and 15 cropping properties approximately 14,573 hectares.
RURAL FUNDS GROUP 
