A US timber investment manager is leading a buyout of a large amount of harvested timber in South Australia, in a move that has been welcomed by FRA.
Bainbridge Island, WA, September 04, 2012 - A US timber investment manager is leading a buyout of a large amount of harvested timber in South Australia, in a move that has been welcomed by Forestry Research Associates (FRA).
The research and analysis consultancy claims that the Campbell Group (TCG), a US-based investment management firm, is offering a good price for the timber that will be harvested in the region in the future.
South Australian government treasurer, Jack Snelling, said that the offer of the future timber investment attracted some very good offers from investors all over the world. Mr Snelling explained that although there were several good offers, TGC’s was the winner. He said, "TCG put forward the best proposal which included a very strong price."
TCG controls some three million acres of timberland around the world, making it one of the world’s largest timber investment companies. Its chairman, John Gilleland, said that it would remain committed to safeguarding the forestry industry in South Australia. He said, "We are very pleased to have secured the rights to manage what is one of the highest-quality timber plantations in Australasia."
The move underlines the ongoing demand for sustainably produced timber, according to FRA's analysis partner, Peter Collins. He said, "Here at FRA, we are keen to promote forestry investment – through buying up plantation land – to those who night be looking for a more tangible investment option in response to the economic crisis."
FRA claims that investing in plantations that are managed by a forestry management company, like Greenwood Management, for example, is a good option for people who want to try out timberland investment. "Investing in managed plantations means investors get all the rewards and benefits of a low-risk asset class, without the hassle or cost of having to buy their own plot of forest and manage it themselves," added Mr Collins.
Contact:
Peter Collins
Forestry Research Associates
620 Vineyard Lane
Bainbridge Island, WA 98110
(206) 316 8394
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