The orchards are located near Bundaberg in Queensland and include 273 hectares of macadamia trees.
Swan Ridge, Moore Park and Bonmac
Swan Ridge and Moore Park (234 ha) are leased to a managed investment scheme (MIS) known as the 2007 Macgrove Project. The Bonmac orchard (27 ha) is leased to RFM.
Cygnet was acquired in October 2019 and Swan Ridge South was acquired in March 2020. Both properties were previously used for growing sugar cane and are currently in the process of being converted to a planned 78 ha macadamia orchards.
The Nursery Farm is a 64 ha property which was acquired in May 2020. The property has an existing macadamia orchard of 12 ha and includes a tree nursery that will be used to supply planting material for macadamia orchard developments.
|Lessee||Water entitlements||Year planted|
|Swan Ridge & Moore Park||Bundaberg, Queensland||234 ha||2007 Macgrove Project||594 ML
|Bonmac||Bundaberg, Queensland||25 ha||RFM||59 ML
|Cygnet||Bundaberg, Queensland||0 ha||TBC||197 ML medium security||TBC|
|Swan Ridge South||Bundaberg, Queensland||0 ha||TBC||319 ML medium security||TBC|
|Nursery Farm||Bundaberg, Queensland||12 ha||TBC||166 ML medium security||TBC|
¹Lease expiries weighted by forecast FY21 rental income.