Rural Funds Group has boosted its exposure to the strongly performing cattle and cropping sectors, agreeing to pay almost $69 million for the 27,829-hectare Kaiuroo aggregation west of Rockhampton in central Queensland.
The diversified agricultural property trust, managed by Rural Funds Management (RFM), acquired Kaiuroo from New York-based global asset manager The Rohatyn Group (TRG), founded by former JPMorgan senior executive Nicholas Rohatyn.
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Larry Schlesinger writes on real estate, specialising in commercial and residential property. Larry is based in our Melbourne newsroom. Connect with Larry on Twitter. Email Larry at larry.schlesinger@afr.com
