OneFortyOne, a major forestry and sawmill business majority owned by the Future Fund and other big super funds, has taken over a near 15,000-hectare timber estate in southern Australia, securing a sawlog supply that it says will help build new Australian homes for decades to come.

At an industry standard of around $10,000-$15,000 per hectare for such agricultural land, the transaction’s value, while undisclosed, could be worth as much as $300 million.