AXA Investment Managers – Real Assets has completed the acquisition, on behalf of clients, of a 4,074-hectare forestry portfolio, in Ireland.
In a second transaction, AXA IM – Real Assets has agreed to acquire, on behalf of clients, a 594-hectare forest in Toulouse, South-West France, from a private investor.
The portfolio in Ireland, which is significant for the United Kingdom and Irish markets, is divided across 185 estates and comprises one of Europe’s fastest growing wood types and the main and most valuable commercial conifer species in Ireland and the United Kingdom. The portfolio’s 36-year typical crop cycle rotation is lower versus AXA IM – Real Assets’ other managed forestry assets, thereby improving the portfolio’s overall income profile. All of the estates benefit from good local infrastructure and close proximity to a number of saw mills.
Gresham House, the largest U.K. forestry management group, which manages over £1.1 billion ($1.4 b
