GREAT Southern receiver McGrath Nicol has raised $415 million...

GREAT Southern receiver McGrath Nicol has raised $415 million for the failed timber group's banking syndicate by selling 252,000ha of plantations to a syndicate dominated by a Canadian pension fund, Alberta Investment Management Corporation (AIMCo).

Raised?,more like lost---do the sums 415,000,000/ 252,000 and the local farmers did not get a look in,who were prepared to pay a better price.

Locals re the price of land in western Victoria via real estate.com for a quick overview of properties