More than 200,000 hectares of timber plantations established by the collapsed Tasmanian company Gunns are being put on the market.
Liquidator PPB Advisory had previously said it was in talks with parties interested in taking over management of the multi-million-dollar investment schemes.
It is believed Macquarie Group and the company WA Blue Gum were among them.
Now the liquidator has told investors it has walked away from those talks and a court-approved sale process is in the best interests of growers.
Investors, known as growers, are being warned they should not expect to see the kind of returns they were promised when they bought into the timber investments.
“I don’t think that any grower should be particularly optimistic about the return they’ll get on their investment,” Mr (Tom of Wills Financial Group) Ellison said.
“Certainly some schemes will sell for more than other. Some of the assets were higher quality than others.”
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A HISTORY OF WARNINGS ON TT:
