Macadamias

Key details of the leases and lessees are outlined below:

Lessee Payment frequency Indexation mechanism Rent review Capital commitments
2007 Macgrove Project Annually in advance
(as received from Project Growers)
Brisbane CPI n/a
  • R&M on account of lessee
Rural Funds Management Limited (RFM) Quarterly in advance 2.5% per annum 3 yearly reviews.
Rent payable in review years equal to 10% of an independent valuation of the property.
  • R&M on account of lessee

2007 Macgrove Project

The 2007 Macgrove Project is a managed investment scheme providing investors (Growers) the opportunity to participate in the macadamia market.

RFM

RFM is the external manager of Rural Funds Group and was established in 1997. RFM has over two decades farming experience and operate in multiple commodities including cattle, cropping and macadamias.