AN aggregation of 49 properties held in six clusters in northern NSW and southern Queensland is being put to the market.
The 32,970 hectares (81,475 acres) of country was previously owned by Kookaburra Agriculture, which used about half of the land area for eucalypt plantations. The plantations are currently in the process of being restored to improved grazing country.
Duncan McCullough from CBRE Agribusiness said the aggregation was being offered in one line.
“There is already plenty of interest in this aggregation, including offshore interest,” Mr McCullough said.
Kookaburra Agriculture was part of the Forestry Enterprises Australia (FEA) which marketed managed investment schemes. FEA was placed in receivership in 2010 owing some $215 million in debt. It had about 77,000ha of country under management, mainly in Tasmania.
Five of the clusters are Northern NSW. The sixth cluster is at Kilkivan, west of Gympie.
Three of the clusters are near Casino. The Cleveland Crossing cluster has eight properties covering 4772ha, the seven Jacksons Flat properties cover 4619ha, and Urbenville’s 17 properties cover 6476ha.
The Yarrowitch cluster near Walcha has four properties covering 7749ha. Grafton has eight properties covering 5354ha.
The Kilkiven cluster has three properties covering 4000ha.
The Kookaburra aggregation is being sold through an expressions of interest process, which closes on July 14.
Contact Duncan McCulloch, 0416 047 484, James Beer, 0416 859 565, Peter Etheridge, 0411 655 565, or Danny Thomas, 0439 349 977, CBRE Agribusiness.
