Large-scale forest for sale near Taumarunui

Large-scale forest for sale near Taumarunui

A 3000-hectare forest for sale near Taumarunui is one of the largest forestry blocks to be offered on the open market in recent years.

While forestry estates of this scale are often sold privately, Oio Forest is a first rotation forest for sale by tender.

LJ Hooker rural sales agent Warwick Searle said the size and quality of the forest made the sale significant.

“Oio is a young forest of the highest quality, so there is excellent potential for future growth. Corporate and institutional investors looking for a 30-year investment cycle or established forest owners with a mid to late harvest rotation who want to even out their estate are likely buyers.”

Located in a proven growing area 30 km from Taumarunui, Oio Forest has a net stock area of 2923 ha planted with two age classes of Pinus radiata.

“All the hard work as been done here with plantings of quality trees, and council roads and ATV tracks providing easy access throughout,” Mr Searle said.

While processing facilities at nearby Kariori and Tangiwai would suit local log traders, overseas exporters have the option of shipping logs offshore from ports at New Plymouth, Tauranga, or Napier.

Tenders close on 23 May 2014.

Ends.

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