In what is shaping up to be the biggest forestry deal in the “Green Triangle” region since South Australia privatized its forestry assets in a $670 million deal in 2012. A portfolio that is being described by some as the “Green Triangle” crown jewel because of its balanced age profile and best-in-class growth rates for softwood in Australia, as well as its established management team and status as a supplier to the residential construction market, which is a net importer of softwood is going up for sale. The portfolio, which is owned by funds advised by Global Forest Partners LP, is expected to attract interest from its neighbors, Future Fund backed OneFortyOne, Sydney-headquartered New Forests and global player Hancock Timber Resource Group, as well as other specialist timber managers including Resource Management Service LLC (RMS) and The Rohatyn Group, and pension and endowment funds that have previously shown interest in the defensive sector.
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Forestry bigwig fires up Australian portfolio sale, Resolute hired