Global Forest Partners LP has appointed Resolute Advisory to advise on the divestment of Hume Forests Limited, a high-quality softwood plantation estate, currently owned by a GFP managed investment fund. Source: Timberbiz
Hume is located in the Oberon and Murray Valley regions of central and southern New South Wales.
These regions are widely recognised as integral to Australia’s plantation base due to their scale, good growing conditions and well-developed infrastructure.
The estate is planted with radiata pine and comprises a freehold land area of c.19,000 ha with a total productive area of c.14,000 ha.
The business has a strong domestic focus, predominantly supplying well-established nearby processing facilities which are key suppliers to Australia’s major east coast population centres including Sydney and Melbourne.
Hume has been intensively managed by GFP since 2004.
The second rotation estate is expected to build on its track record of delivering high quality product to the market to produce steady returns from ongoing thinning yields and forest growth in the short term, and strong sawlog clear-fell yields and growing cashflows as the estate matures.
US-based Global Forest Partners is one of the oldest and largest timber investment management organizations in the world, with over 30 years of experience managing timberland and related investments for institutional investors.
GFP has invested in high quality timberland and related manufacturing activities around the world, including in the United States from 1985 – 2019 and internationally since 1992.
Today, GFP manages approximately 650,000 hectares of timberland in Australia, Brazil, Cambodia, Chile, Colombia, Guatemala, New Zealand and Uruguay.
