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Forestry plantations near Melbourne tipped to sell for more than $20m

Listed forestry company Midway Limited has put almost 1600 hectares of blue gum plantations 50 kilometres north of Melbourne up for sale, offering them as a land banking opportunity for patient developers.

Price expectations for the Wandong Plantations between the rural towns of Kilmore and Wandong are understood to be more than $20 million.

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Larry Schlesinger was a reporter at The Australian Financial Review.

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    Original URL: https://www.afr.com/property/commercial/forestry-plantations-near-melbourne-tipped-to-sell-for-more-than-20m-20211008-p58ydm