Viterra lists Millicent site as part of SA rationalisation

Grain Central July 19, 2019

THE MARKET for bulk-grain storages is set to be tested with the listing this week of Viterra’s site at Millicent in South Australia’s south-east.

Viterra’s Millicent site is for sale by expressions of interest. Photo: CBRE

The listing was flagged last month, when Viterra announced its was consolidating its receival network by permanently closing 17 sites across South Australia.

Millicent was one of six which operated last harvest, and was singled out at the time of the announcement, as the only site which would be listed as a going concern.

Viterra operations manager Michael Hill said interested parties who wanted to discuss the future of sites or infrastructure should contact the relevant regional Viterra office.

In a statement to Grain Central, Viterra said the future of the 16 other Viterra sites will be considered on a case-by-case basis.

“No decision has been made regarding the sale of further sites.”  

CBRE Agribusiness agents Phil Schell and Angus Bills have been appointed to negotiate the sale of Viterra’s Millicent complex, which has a total grain-storage capacity of 140,000 tonnes.

Mr Schell said the property is held under two titles, and was for sale in its entirety, or as two separate offerings, including the main site and the silo site.

“The Millicent site will ideally appeal to grain-producers and supply-chain operators, feedlotters and dairies, syndicate purchasers and high net-worth individuals,” Mr Schell said.

“Passive investors will also be interested in the leasing opportunities the storage space offers, potentially storing feedgrain for supply to local dairy and beef livestock operators.”

Millicent is located in a mixed-farming district 160 kilometres north-west of Portland in Victoria, and 412km south-east of Port Adelaide.

Viterra’s Millicent site features:

  • Three 1800t silos;
  • Three 50m x 30m storage sheds;
  • Two 20,000t storage sheds;
  • Three 25,000t bunkers;
  • One 400t-per-hour elevator;
  • One Mettler Toledo 27m x 3.5m weighbridge with 80t capacity;
  • Office plus bathroom amenities;
  • 1800-litre diesel tank.

Viterra said the Millicent site was being listed for sale as an operational site, and any specific details will be negotiated with potential buyers.

The Millicent facility is being offered for sale via expressions of interest which close on 29 August.




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