Rural Funds Group completed the acquisition of Cobungra Station Pty Ltd.
March 30, 2019
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Rural Funds Group (ASX:RFF) agreed to acquire Cobungra Station Pty Ltd for AUD 35 million on February 6, 2019. The purchase of Cobungra will be funded from RFF’s debt facility. The transaction is expected to close in March, 2019. Eva Vicic, Ben Wood and Bethany Du of Mccullough Robertson Lawyers acted as legal advisors for Rural Funds Group.
Rural Funds Group (ASX:RFF) completed the acquisition of Cobungra Station Pty Ltd in March 2019.
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 
