Willmott Forests assets soldFriday 9 Dec 2011 KordaMentha and PPB Advisory have entered into an agreement with Global Timber Investors 9, an international forestry investment fund managed by US-based timber investment management organisation, Global Forest Partners LP (GFP), for the sale of the Willmott Forests Plantation assets. The sale is subject to a court approval process. The agreement will allow agreed fire maintenance and prevention work on Willmott Forests plantations to commence immediately. GFP has been actively investing in Australia since 1999 and currently has over AU$3 billion in forestry assets under management worldwide. |
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