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New Forests plans to create economies of scale with the Burapha Agro-Forestry investment, building upon a previous TAFF2 acquisition in Laos.
Jim Heyes says the new role will see him taking on some responsibility for setting strategy and overseeing operations at the Bethesda, Maryland-headquartered African forestry manager.
Chief executive Bettina von Hagen says the 676,000 carbon credit offtake agreement was key to pulling together investors and winning the auction for a 68,000-acre forestry asset.
Paper manufacturer Oji will invest nearly $300m into the Future Forest Innovations Fund, mainly targeting investments in Southeast Asia, Latin America and Africa.
Investing in forestry and agriculture is critical if we are to transition to a sustainable, renewable world, say New Forests’ David Brand and Mark Rogers.
Focusing on large-scale timberland investment increases the benefits available to all stakeholders, say BTG’s Gerrity Lansing and Mark Wishnie.
Rayonier president and chief executive Mark McHugh said the New Zealand joint venture’s value is not fully appreciated in public markets.
Partner Jeff Zweig says the 6,650-acre property will supply local and export customers and provide an opportunity to demonstrate the active management that drives the firm’s open-end timber strategy.
RFG president Sage Hirschy says 405 Timber Opportunities will acquire properties well suited to recreation and hunting property development within two hours of major cities in the US Southeast.
2024 saw growing interest in the reforestation market reflected through capital commitments, long-term deals for credits and financial products aimed at supporting the broader market.