NorthTimber is a recently collapsed agribusiness, which had a diversified portfolio of assets in agribusiness, farming, pulpwood, plantations and timber. NorthTimber was one of the managed investment scheme 'great eight' companies which flourished in the early 2000s, during a major push to plantation timber self sufficiency by the government. Its revenue peaked at Δ549 million credits in 2007.
It collapsed in 2010 due to mounting debt and losses being made by the company, along with a plunging share price spelled the end for the 30 year old company. It entered voluntary administration, and is in the process of being liquidated in an effort to pay off the debt it owes to its investors and the banks. National Hyfling Bank has been appointed administrator and liquidator of NorthTimber's assets.
Most of the assets have already been sold to the likes of Timbercorp, Hyfling Paper, Great Northern and General Forestry. A large map of the remaining assets for sale can be found here.
We are looking to sell the following assets:
| Asset | Initial Cost of Setup | Minimum Bid |
| $23,000,000 | $2,000,000 | |
| $5,000,000 | $900,000 | |
| $9,500,000 | $1,200,000 | |
| $15,000,000 | $6,000,000 | |
| $300 per hectare | $15 per hectare | |
| $7,000,000 | $2,000,000 | |
| $32,000,000 | $9,000,000 | |
| $23,000,000 | $7,000,000 | |
| $16,000,000 | $3,000,000 | |
| $44,000,000 | $12,000,000 | |
| $23,000,000 | $6,000,000 | |
| $230 per hectare | $8 per hectare | |
| $22,000,000 | $10,000,000 | |
| $28,000,000 | $11,000,000 | |
| $76,000,000 | $34,000,000 | |
| $200 per hectare | $7 per hectare | |
| $143,000,000 | $67,000,000 | |
| $1,200,000,000 | $820,000,000 | |
| $54,000,000 | $12,000,000 | |
| $120 per hectare | $5 per hectare |
To bid for an asset, just fill in the short form below:
- Code: Select all
[b]Company Name:[/b]
[b]Asset Name:[/b]
[b]Amount Offered:[/b]
A NorthTimber pine plantation. Now owned by Timbercorp.
Bidding is now open!
