The receivers of Great Southern have announced plans to sell the company's entire blue gum forestry estate.
McGrathNichol said in a statement, the estate consists of approximately 269,000 hectares of freehold forestry land with a net productive area of approximately 167,000 hectares.
Most of the estate is in Bunbury, Albany and the Green Triangle region of south eastern Australia.
McGrathNichol said Great Southern Forestry is Australia's largest freehold hardwood estate.
The majority of the plantations have been established with Tasmanian blue gum, the premium hardwood woodchip trees used in the manufacture of high quality paper.
Most of the plantation is currently managed by Gunns Plantations or Elders Forestry on behalf of management investment scheme (MIS) investors.
"The Receivers will consider all options for the realisation of the Great Southern Forestry estate, including a sale of land only, or land and trees," the statement said.
"Our priority is to ensure the sale process maximises both value and certainty for all stakeholders, including the investor growers and secured creditors of Great Southern," said Tony McGrath from McGrathNichol.
