Rural Funds Group completed the acquisition of Comanche, 7,600 Hectare Cattle Property in Queensland.
July 15, 2018
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Rural Funds Group (ASX:RFF) entered into a contract to acquire Comanche, 7,600 Hectare Cattle Property in Queensland for AUD 15.7 million on May 17, 2018. The transaction will be funded from debt. The transaction will be funded by proceeds generated from the $149.5 million equity raising. The transaction is expected to be closed in July 2018.
Rural Funds Group (ASX:RFF) completed the acquisition of Comanche, 7,600 Hectare Cattle Property in Queensland on July 16, 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 
