Rural Funds Group completed the acquisition of Cerberus and Mayneland Properties.
September 29, 2018
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Rural Funds Group (ASX:RFF) agreed to acquire Cerberus and Mayneland Properties for AUD 28.6 million on August 27, 2018. Rural Funds Group will pay AUD 10.8 million for Cerberus and AUD 17.8 million for Mayneland property. The deal value will be debt funded. Settlement of the deal is expected to occur in September 2018.
Rural Funds Group (ASX:RFF) completed the acquisition of Cerberus and Mayneland Properties in September 2018.
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 
