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Smith Agri International launches A$200m Australian timberland fund – exclusive

The firm is launching its first managed investment fund, a 10-year closed-ended vehicle targeting an IRR of 8-18% that will invest exclusively in Australian timberland.

New Forests and Global Forest Partners bids for forestry assets hit by competition concerns

The two managers’ offers for assets owned by Resource Management Service have raised concerns with the ACCC over a potential reduction in export services.

Weyerhaeuser’s $300m timberland sale could signal northern US timber exit

Following its disposal of 555,000 Michigan acres, Weyerhaeuser’s plans for similar properties in Maine could provide clues as to whether the sale marks a shift in species preference.

NSW explores ‘A$1bn’ privatization of softwood forest

NSW treasurer Dominic Perrottet has launched a study into the long-term lease of its commercial softwood plantation business, which sources say could raise as much as A$1bn.

Five of the best: What’s made the headlines this year?

From the launch of Riparian Capital Partners to the re-opening of Hancock’s $700m open-ended timber and farmland fund, we review the first six months of 2019.

NMSIC approves $50m RMS timber fund redemption

The sovereign wealth fund’s $125m commitment to the open-ended vehicle in 2016 is now worth $127.7m, according to real assets consultants Townsend.

The Rohatyn Group puts WA sandalwood estate on market

New York-based emerging markets-focused group has put the 6,700-ha estate up for sale after selling down timber assets in New Zealand last year.

Emissions reduction to boost sustainable timber: GIIN

Global Impact Investing Network manager says GPs and LPs involved with timber expect climate change initiatives to help increase income from carbon trading and reforestation.

Harvard Management Company sells Uruguay timber in $330m deal

Local advisor Wilfred Moran says the deal’s size makes it an anomaly in a timber market dominated by transactions of $20m-$25m.

Timber and agribusiness pushes MetLife ag lending to record 2018

Lowered feed costs have helped create the highest level of investor interest in livestock in a decade, says head of agricultural finance group Barry Bogseth.
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