AAA, an alternative investment advocacy group, has announced that it is welcoming the news of potential buyers for plantations owned by a collapsed forestry firm in Tasmania.
Boston, MA, USA, October 12, 2012 — Alternative Asset Analysis (AAA), an alternative investment advocacy group, has announced that it is welcoming the news of potential buyers for plantations owned by a collapsed forestry firm in Tasmania.
The 100,000 hectares of plantation space is thought to still be managed by the insolvent Tasmanian firm, called Gunns. The firm entered administration in late September and potential buyers for the plantation land, which could be very lucrative and attractive to investors, are being looked into by receiver KordaMentha.
There is already interest from clients of the New Forests investment fund in Sydney, manager David Brand has claimed. Brand stated that the price of the plantation land is still unclear, however, with prices ranging from a few hundreds Australian dollars to as much as A$8,0000 per hectare being mentioned.
He added that the value of the plantation that will be manageable under the new certification from the forestry Stewardship Council, which shows that the plantations are managed sustainably.
AAA’s analysis partner, Anthony Johnson, said that the news that FSC-certified plantations are more attractive and possibly more valuable than forests that are not managed sustainably is great news for the environment. “Not only is it good news from an environmental perspective, but it also means that sustainable management may become increasingly popular in countries like Brazil, where the future of the local communities can rely on the industry.”
The government of Tasmania is, in the meantime, hoping that an investor from china may pay up to A$2.3 billion for the pulp mill that was owned by Gunns.
The popularity of sustainable forestry as an alternative investment choice is growing all the time, claims AAA, which supports plantation projects like the ones operated by Greenwood Management in Brazil. These projects provide alternative timber products to those produced using native forests, which are vulnerable and extremely valuable from a ecological point of view.
About Alternative Asset Analysis:
The remit of Alternative Asset Analysis is to analyse and provide news on the global performance of a wide range of alternative asset classes including, but not restricted to, commodities, real estate, forestry, foreign exchange, hedge funds, private equity and venture capital.
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