Melbourne, 03 March 2015 – A mature forestry plantation in the premium growing region of Gippsland has been listed for sale in a move that opens up significant opportunity to gain a foothold in the high performing softwood market.
CBRE Head of Timberland Transactions David Smith has been appointed to sell the aggregation via Expressions of Interest on behalf of Jelfor Treated Timbers.
Located between Stradbroke and Longford, the aggregation comprises four quality plantation forestry properties covering approximately 789 hectares, of which 654 hectares has been developed to Pinus radiata.
Mr Smith said the sale represented an attractive opportunity to acquire a strategic footprint in the buoyant timber market.
“This property presents an outstanding opportunity for investors to inject capital in the timber market at a time when it is flourishing under high product demand and favourable economic conditions,” Mr Smith said.
“Superbly managed, these mature Pinus radiata plantations are fast approaching their second thinning or final harvest which underpins quick reliable returns within one of Australia’s premier growing regions.”
The commercial operations of the properties are supported by a local softwood processing market, which produces a range of timber products including structural, landscape, posts/poles and paper pulp primarily focused on Australia’s wholesale and retail markets.
Mr Smith said the properties had been professionally managed throughout rotation, resulting in an excellent stand of mature trees awaiting commercial harvest for predominantly structural grade sawlogs in the coming years.
“Following harvest, the new owners will be confronted with a range of valuable opportunities for the best use their land,” Mr Smith said.
Surrounded by grazing, cropping, irrigation, market gardens and even lifestyle properties, these sites can be either re-established back to plantation or easily converted to a range of alternative uses. The flat to slightly undulating topography and sandy soil profile makes conversion a fairly cheap proposition.”
The aggregation features several improvements including a well-appointed three bedroom, two storey brick home located on a 6.8 hectare block near the picturesque Victorian coastal towns of Seaspray and The Honeysuckles.
The
aggregation is being offered in one line or separately, with Expressions of
Interest closing April 1 at 4.00pm.
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About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2014 revenue). The Company has more than 52,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 370 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at www.cbre.com.
