The sale of 20 forestry plantations in Ireland has received the backing of FRA, which supports investment in sustainable forestry projects around the world.
Seattle, United States, January 19, 2012 — The sale of 20 forestry plantations in Ireland has received the backing of Forestry Research Associates (FRA), which supports investment in sustainable forestry projects around the world.
I've had several requests for an update on issues surrounding timberland investments and transactions to date for 2011 so I am posting a chart of the transactions of which I am aware. I will also make a comment or two on conservation easements and on who is buying timberland today. The following table shows the transactions that I have in my database for 2011 as of the end of October.
Seattle, WA, August 03, 2011 -- A Malaysian forestry firm has bought a large portion of forest land in New Zealand, which could boost sustainable forestry in the region, according to Forestry Research Associates (FRA).
The New Zealand Overseas Investment Office has allowed Timbergrow Limited, the Malaysian-owned firm that also owns Ernslaw One, to buy an additional 10,367 hectares of land on the East Coast of the country.
Obtala Resources Limited (AIM:OBT), the natural resource investment and development company, today announces that it has concluded a Share Purchase Agreement (”SPA”) to acquire a private Mozambique registered company (”Acquisition”). The vendor holds a forestry concession in north-east Mozambique, with an application pending to significantly increase the land area under licence. Highlights:
nvestments in forestry have many desirable features. Under certain conditions, forestry investments yield attractive returns to investors and can contribute substantially to the economic, social and environmental development of countries. Environmentally and socially conscious investors are actively exploring the "ins and outs" of forestry opportunities, motivated by opportunities that are profitable, but also in line with their core values.
The Forest Industry Engineering Association together with most of the major financial and forestry industry associations in Australia and New Zealand ran an inaugural Future Forestry Finance Conference series in Sydney and Auckland in early March 2010. The turnout exceeded expectations. Over 200 key forestry and wood products executives, accounting, investment and financial managers/analysts and product and service providers to the sector were involved with the event.
Global Forest Partners LP (GFP) has put up for sale the plantation forests, freehold land and carbon assets held jointly by two of its New Zealand-based timber funds. The estate comprises 15 individual forests with a net productive area of 16,533 hectares (ha), of which 30%, or 5,015 ha, is freehold. The estate’s remaining 11,518 productive hectares are managed under Crown Forestry Licenses (CFLs).
Australian timber group Forester Gunns is to sell some of its softwood forests for AU$107 million (£69 million).
The sale to a US-based timber investment management organisation includes 46,000ha with pine trees in the Green Triangle region of South Australia, with Forester Gunns retaining some harvesting rights to the plantations.
It is understood that the deal is subject to the buyer securing finance and other customary approvals. Forester Gunns has declined to provide further details about the agreement or the buyer.
(Reuters) - John Paulson's roll of the dice on a lender that rose from the wreckage of the financial crisis is emerging as one of the few big winners for the hedge fund manager in what is shaping up as a downbeat year.
A 2009 investment in a company that acquired assets from failed lender IndyMac is up some 200 percent, the billionaire hedge fund manager told investors when he met with some of them in Paris earlier this month.
