Melbourne, 21 October 2013 - Global interest is being fielded in the sale of the AFPT and AFPT 2 timberland portfolios – formerly part of the greater Gunn’s estate.
CBRE Agribusiness is steering the sale of the Tasmanian portfolios, which are being offered for sale on behalf of Peter Anderson and Shaun Fraser of McGrathNicol as Joint and Several Receivers and Managers of the Australian Forestry Plantations Trust (AFPT) and the Australian Forestry Plantations Trust Number 2 (AFPT 2).
The two portfolios are being offered for sale in one line or separately. They comprise 94 properties with a total of approximately 11,757 hectares of well managed hardwood plantation across a total land title area of 21,777 hectares.
David Smith, CBRE’s Head of Timberland Transactions, said the sale campaign had already generated wide ranging preliminary interest.
“These strategically developed portfolios are being offered on a freehold basis and present a variety of current and future land utilisation options,” Mr Smith said.
“We have already fielded enquiries from domestic pension funds and institutions, local farmers, high net worth investors, offshore institutions and even an international pulp mill owner interested in future fibre security. The portfolio has generated interest from a biomass perspective, from parties looking at the potential future supply for production of biofuels, as well as from prospective purchasers considering the managed conversion of the land back to various forms of agriculture.”
The portfolios are comprised of high quality productive land within one of Australia’s premier forestry regions. They benefit from fertile soils, proven and reliable annual average rainfall and purpose designed and established road to port infrastructure.
AFPT includes 59 properties across 16,963 hectares with circa 8,659 hectares of land planted, predominantly with Eucalyptus nitens. The smaller AFPT 2 portfolio comprises 35 properties across 4,814 hectares of land again planted in the majority with Eucalyptus nitens.
In addition to the timberland assets, the portfolios include 17 residential houses as well as significant existing infrastructure in the form of an extensive network of internal and external roads.
“The acquisition of one or both of these portfolios represents a unique opportunity for the incoming owner to establish a strategic footprint or consolidate adjoining land through future acquisitions within one of Australia’s premier plantation regions,” Mr Smith said.
Expressions of Interest close November 20, 2013 at 4pm.
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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 2012 revenue). The Company has approximately 37,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 300 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 atwww.cbre.com.au.