Rural Funds Group’s $35 Million Acquisition of Cobungra Station


McCullough Robertson advised ASX-listed Rural Funds Group on its acquisition and lease of Cobungra Station, one of Victoria’s largest beef breeding enterprises.

Rural Funds Group is a real estate investment trust, with assets worth $836.7 million. The $35 million purchase raises the investment trust’s portfolio value of cattle stations to over $250 million.

The 6486-hectare alpine beef property has been leased to Wagyu producer, Stone Axe Pastoral Company. The agreement is on a 19-year lease with a rent review in year five.

McCullough Robertson advised ASX-listed Rural Funds Group with a team including Eva Vicic (Picture), Ben Wood and Bethany Du.

Involved fees earner: Eva Vicic – McCullough Robertson; Ben Wood – McCullough Robertson;

Law Firms: McCullough Robertson;

Clients: Rural Funds Group;

Author: Michael Patrini