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
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.