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