Strong demand for Australian and New Zealand forestry assets continues
The Trust Company appointed as trustee for New Forests Australia New Zealand Forest Fund 2 (ANZFF2)
The Trust Company, a leading property and infrastructure custodian and Australia’s only trustee with licenses to operate in Australia, New Zealand and Singapore, has been appointed Trustee of ANZFF2.
New Forests (www.newforests.com.au) manages investments in sustainable forestry for institutional and other qualified wholesale investors.
New Forests executes three investment strategies that provide clients with diversity and choice around risk-adjusted returns, geography, and market exposure: sustainable timberland investment in Australia and New Zealand; forestry investment in high-growth markets of the Asia Pacific region; and conservation real estate and environmental markets investment in the United States.
The company has offices in Sydney, Singapore, and San Francisco and currently manages AU$1.8 billion in committed capital and assets and over 415,000 hectares of land in Australia, the United States, and Asia.
“Australia and New Zealand offer attractive but distinct timberland investment opportunities, with some premier assets likely to come to market over the next two to three years,” said David Brand, New Forests’ Managing Director.
“New Forests has demonstrated an ability to invest successfully in our region. We offer our clients specialist expertise and local knowledge in a region exposed to demand growth from both domestic and Asian export markets.”
The Trust Company General Manager Corporate Client Services, Andrew Cannane, said, “The Trust Company is pleased to once again provide Trustee services to New Forests and its second Australia and New Zealand forestry fund.
“The investors in these funds—large offshore and onshore pension funds—feel secure in the knowledge that there is an independent party appointed as trustee and custodian. This is the value that a trustee company, such as The Trust Company, with licenses to operate in Australia, New Zealand and Singapore, adds to the process.”
ANZFF2 is a closed end fund that will provide institutional investors exposure to plantation forests and forestry land in Australia and New Zealand.
The fund currently has AU$570 million in capital commitments and will by managed from New Forests’ Sydney headquarters. The Trust Company is also the Responsible Entity of the New Forests Australia New Zealand Forest Fund (ANZFF), which commenced in 2010 and is now fully invested.
About The Trust Company
The Trust Company is one of the regions foremost trustee companies, offering services for individuals, companies and charitable trusts.
Across the Group we provide wide-ranging advice and expertise in Personal Client Services including Estate Planning and Administration, Lifestyle and Executor Assist, Financial Planning, Personal Trusts, Charitable Trusts, Wealth Management and Health and Personal Injury services.
Our Corporate Client Services in Australia and Singapore include Responsible Entity, Property and Infrastructure Custody, Superannuation Compliance and Trustee, Structured Finance Trustee and REIT Trustee services. In New Zealand we offer trustee services for Debt Securities, Securitisation, Unit Trusts, Superannuation and KiwiSaver.