GIPPSLAND PLANTATION AGGREGATION
FOR PRIVATE SALE
CENTRAL GIPPSLAND, VICTORIA, AUSTRALIA
For further information please contact:
Smith Agri International
+61 418 332 780
GIPPSLAND PLANTATION AGGREGATION OVERVIEW
CLIMATE AND RAINFALL
Note – all property areas, figures, and calculations throughout this Information Memorandum are
approximate in nature and are based upon figures obtained from external sources which have been
relied upon without verification by the Vendor or by SAI or any of their respective officers, employees
or consultants. A Recipient of this Information Memorandum should undertake their own due diligence
investigations to obtain exact figures in relation to the Gippsland Plantation Aggregation.
HAVE PROVIDED A
READY SUPPLY OF
IDEAL FOR THE
POSTS AND POLES
Smith Agri International (SAI), as exclusive agent, is pleased to
present for sale four quality plantation forestry properties located
between the Gippsland towns of Stradbroke and Longford, Victoria
(the Gippsland Plantation Aggregation) by PRIVATE SALE.
Jelfor Treated Timbers, a family grown third generation timber
treatment business invested heavily (since 1990) in the
establishment and management of its own purpose grown
plantation estate. Located close to its Traralgon milling and
treatment operations, these plantations have provided a ready
supply of smaller sawlogs ideal for the posts and poles market.
This strategy of self-sufficiency has served Jelfor Treated Timbers
well however, with tree size, volume and sawlog values increasing,
these maturing plantations are now growing beyond Jelfor Treated
Timber’s ideal market specification. Whilst it is recognised that
significant areas of the Prices Road property remain immature
and hence present a future supply for posts and poles, the overall
plantation assets now represents a much greater value proposition.
Jelfor Treated Timbers
These strategically developed, well managed plantations are ideally
located within one of Australia’s most desirable plantation growing
regions, the Central Gippsland Plantation Region (pictured).
The Gippsland Plantation Aggregation comprises a total land area of approximately 789 hectares, of which 654 hectares has been
planted to Pinus radiata. The Wulla Wullock property also includes a quality 3 bedroom, 2-story brick house upon approximately
6.8 hectares of clear land located within 4 to 8 kilometres of coastal towns, The Honeysuckles and Seaspray.
THE PLANTATION SITES
DISPLAY A RANGE OF
LIFESTYLE ALL WITHIN
5 KM’S OF THE COAST
KEY SELLING FEATURES
High quality individual forestry properties set across approximately 789 hectares with 654 hectares of well-managed, mature commercial Pinus radiata
plantations of varying age classes.
Commercial thinnings have occurred on-time throughout each plantation’s rotation, yielding a complete range of softwood products.
All sites have been well laid out for harvest, front developed roads and maintain excellent year round access and good firebreak protection.
The properties are unencumbered. Trees and land are free of any external interests.
Sites are ideally located to benefit from continued plantation management, or following harvest can easily be converted to a range of alternative uses, as outlined
Sites are located in close proximity to numerous processing towns as shown in the regional map (refer page 10).
- Alternative use:
Lifestyle - Sites are located close to well-populated towns (Longford, Sale, Rosedale, Stratford and Maffra) providing all services in support of a range of lifestyle uses.
The Wulla Wullock property has a well-built 3 bedroom, 2-story brick house featuring ample living space, all within only 4 radial kilometres of the coastal town
of The Honeysuckles, Victoria. Timber lined throughout, this well-appointed residence provides the ideal secluded permanent residence or weekend getaway.
Agricultural - All sites adjoin existing farming properties and are considered suitable for conversion to a range of agricultural pursuits such as grazing, cropping
IS IDEALLY POSITIONED
TO COMPLEMENT THE
The purpose of this Information Memorandum is to provide an overview to prospective purchasers of the Gippsland Plantation Aggregation. This Information
Memorandum is not a full and complete account of all relevant matters in relation to the properties and prospective purchasers should make their own enquiries to
satisfy themselves as to all relevant matters.
The Gippsland Plantation Aggregation is well-positioned to complement the existing plantation forestry industry. Comprising approximately 789 hectares, these
highly productive properties will suit those within the forestry industry wishing to expand their regional plantation footprint and/or complement their existing market
woodflows. Superbly managed, the mature Pinus radiata plantations are fast approaching their second thinning or final harvest which underpins quick reliable returns.
Established within one of Australia’s most desirable agricultural growing regions (Central Gippsland Region) these sites are ideally located in close proximity to well
established timber processing towns (Traralgon, Morwell, Yarram, Maryvale, Alberton), and ports at Eden, Geelong and Melbourne.
SCOPE OF CURRENT ENTERPRISE
The Gippsland Plantation Aggregation continues to be well managed. Excellent site selection parameters including suitable soil types and good reliable average rainfall
ensure these plantations present extremely well. The sites are flat to slightly undulating and are underpinned by an excellent network of private and public roads with
easy, year-round access to numerous processing plants (mills) and ports. Thinning operations are on-going providing forward cashflow.
THE GIPPSLAND PLANTATION AGGREGATION COMPRISES:
Wulla Wullock plantation:
Pinus radiata - 222 hectares planted in 1990/91/92
(23 years rising). This property also features a well-built
3 bedroom, 2-story brick house, see below.
The Bush Block plantation:
Pinus radiata - 150 hectares planted in 1995/96
(20 years rising)
The Prices Road plantation:
Pinus radiata - 200 hectares planted between 1998 and 2008
(7 to 17 years rising)
Pinus radiata - 82 hectares planted in 1993/94
(21 year rising)
The Wulla Wullock House.
THE GIPPSLAND PLANTATION AGGREGATION KEY DETAILS ARE OUTLINED BELOW:
The Bush Block
Southern (2000/08) *
Total area (ha)
* Southern section originally planted in 2000/2001, early drought losses resulted in annual replanting until 2008.
Located within the highly productive Central Gippsland Plantation Region, the plantations are ideally disbursed to utilise both public and private infrastructure (roads,
access tracks, bridges etc.). The properties are interspersed around other softwood plantations including Victoria’s largest plantation manager, Hancock Victorian
Plantation (HVP) plantation estate.
The land is predominantly flat to undulating, ensuring all future management and maintenance costs remain economic. All sites experience good fertility and high
average annual rainfall and the sandy soils (a feature of the region) are easily traversed. All season access for harvest and haulage underpins the strategic value of these
well grown (predominately thinned) plantations.
The following pages outline the Gippsland Plantation Aggregation, from a state and regional perspective.
Central Gippsland Region
GIPPSLAND PLANTATION AGGREGATION OVERVIEW
The age class distribution of the plantations highlight that a significant portion of the estate will become available for harvest and replanting within the next 10 years.
Given the distribution of the estate and mature age classes, numerous industry organisations are expected to have a strong interest in acquiring these plantations. In
addition to the high quality stands on offer, the purchaser will have the ability to negotiate a suitable wood supply arrangement with Jelfor Treated Timbers for supply of
future harvested sawlogs that meet their specified posts and poles specifications.
Alternatively, conversion to other forms of highest and best agricultural use is increasingly becoming common practice. The costs of rehabilitation following harvest are
now well tested in this market and provide a sound basis for any sophisticated purchaser to determine a suitable acquisition/offer price. The species (Pinus radiata), flat to
slightly undulating topography and sandy soil profile ensures grower conversion costs should conversion to highest and best use be favoured following harvest.
PRODUCTIVE GROWING CONDITIONS
The mean annual rainfall for this plantation region is well understood. The highly productive Central Gippsland Region presents some of Australia’s most productive
plantation land. Average annual rainfall for this region varies from 600 millimetres to 1,800 millimetres. The close proximity of the plantations to the coast (ranging
3.75 kilometres to 12 kilometres) ensures cooler coastal influences. The predominate sand-based soil profile and flat to slightly undulating topography ensures easy
management practices, although some periodic fertilisation as part of the adopted silvicultural practices will ensure productivity remains high for commercial tree growing
for many rotations to come.
CERTIFICATES OF TITLE
The Gippsland Plantation Aggregation is the amalgam of four plantation properties, incorporating Wulla Wullock, Flints Block, The Bush Block and Prices Road. Comprising
a total area of approximately 789 hectares over 5 freehold Certificates of Title, the Gippsland Plantation Aggregation represents an outstanding opportunity to acquire
these well-developed mature Pinus radiata forestry plantation properties.
GIPPSLAND PLANTATION AGGREGATION OVERVIEW cont.
The Wulla Wullock property also features a well-built 3 bedroom two story brick house surrounded by approximately 7 hectares of land located within 4 kilometres of the
coast. The Gippsland Plantation Aggregation comprises 5 individual freehold Certificates of Title, legally described as follows:
Title Area (ha)
50B Fields Road, Longford
50A Fields Road, Longford
Fol 849 *
Lot2 Johnsons Road, Longford
The Bush Block
Lot13A Johnsons Road, Longford
Lot26B Prices Road, Seaspray
Total area (ha)
* House block approx 6.89 ha (including 3 bedroom brick house) forms part of this title.
LAND USE OVERVIEW
The Gippsland Plantation Aggregation has been extensively developed to Pinus radiata (softwood) and comprises the following:
The Bush Block
Planted in 1990 (47%), 1991 (39%), 1992 (14%) to 1,700 stems/ha
Mean Annual Increment (MAI) = est. 18m3/ha, 1st thinning occurred in 2007, 2009 and 2012
Planted in 1993/94 to 1,700 stems/ha
Mean Annual Increment (MAI) = est. 18m3/ha, 1st thinning occurred in 2011
Planted in 1995 & 1996 to 1,700 stems/ha
Mean Annual Increment (MAI) = est. 18m3/ha, 1st thinning occurred in 2013
Planted in 1998 & 1999 (Northern section) to 1,700 stems/ha
Planted in 2000-01, replanted annually until 2008 (Southern section) to 1,700 stems/ha
Mean Annual Increment (MAI) = est. 18m3/ha
Total area (ha)
The Gippsland Plantation Aggregation is located within one of Australia’s premier
plantation growing regions.
THE CENTRAL GIPPSLAND PLANTATION REGION
The Central Gippsland Plantation Region is approximately 109,000 hectares in size
(hardwood and softwood plantation), with a large portion established to Pinus
radiata. Within the collective 100 kilometre supply zone there are numerous
identified plantation estates, which complement these plantation’s overall
commerciality and may be strategically unlocked to deliver a wider expansion of
the Gippsland Plantation Aggregation.
The Gippsland Plantation Aggregation plantations (pictured throughout this
document) are ideally positioned within Victoria’s softwood plantation supply
zone which benefits from numerous existing softwood timber processing facilities
located in Traralgon, Morwell, Yarram, Maryvale and Alberton.
In support of these facilities is a buoyant domestic market for all softwood
products produced from these mills and sold throughout Australia, whilst export
ports located in Melbourne and Geelong (VIC) and Eden (NSW) provide an
alternative export market opportunity to meet a growing international appetite for
mature softwood sawlogs
THE GIPPSLAND PLANTATION
AGGREGATION IS BENEFITED
BY GOOD CLIMATIC
CLIMATE AND RAINFALL
The Gippsland Plantation Aggregation is benefited by good climatic conditions typical of this well-established plantation forestry region. Ideal temperature ranges are
supported by reliable annual rainfall. Underpinned by suitable sandy soils typical of the coastal influences and with adequate nutrient levels, these plantations are
productive and can be considered an ideal addition to any existing plantation footprint.
CLIMATE AND RAINFALL DATA - LONGFORD TO SEASPRAY, VICTORIA
The nearest Bureau of Meteorology weather station to the plantations (East Sale Airport) has recorded the long term average rainfall of approximately 600 millimetres.
The mean maximum temperature is 19.6 degrees Celsius and the mean minimum temperature is 8.2 degrees Celsius. Rainfall peaks between October to December
influenced by coastal weather patterns, although as show below rainfall is well distributed throughout the year.
Source: Bureau of Meteorology
Mean Rain (mm)
Mean Max. (°C)
Mean Min. (°C)
Ra infall (mm)
Te mperature (°C)
The sale of the Gippsland Plantation Aggregation provides the market with an extremely rare opportunity to secure premium plantation holdings within one of Australia’s
most highly regarded plantation regions. Ideally located, these well managed assets provide a logical addition to any Timber Investment Management Organisation or
timberland investor operating within Victoria.
To reiterate, the key investment benefits of the Gippsland Plantation Aggregation are:
High quality individual forestry properties set across approximately 789 hectares, 654 hectares planted (Pinus radiata).
Sites are ideally located to benefit from continued plantation management or conversion to alternative uses.
Good average rainfall, good soil productivity and strategic location to timber processing markets.
The properties comprise well managed mature commercial Pinus radiata plantations.
The plantations have been professionally managed throughout rotation.
Commercial thinnings have occurred on-time, yielding a complete range of softwood products.
All sites have been well designed for harvest, front developed roads and maintain excellent year round vehicle access and good firebreak protection.
Unencumbered freehold title (trees and land - no third party interests).
A suitable wood supply agreement for those posts and poles (within specification) emanating from the plantations can be negotiated with Jelfor Treated Timbers
further securing the investment.
It has been SAI’s pleasure to provide you with the above information in relation to this outstanding offering.
We encourage your further consideration of the Gippsland Plantation Aggregation and look forward to hearing from you in due course.
For further information please contact:
Smith Agri International
+61 418 332 780
This Information Memorandum has been prepared by SAI.
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