Gresham House secures Australian forestry mandate

Gresham House has been appointed as asset manager for a 24,800-hectare (61,280-acre) Australian forestry investment, Green Triangle Forest Products (GTFP), which AXA IM Alts has agreed to acquire, subject to regulatory approval, on behalf of clients.

The appointment as asset manager is in line with Gresham House’s strategy to grow its international presence. The scale of the additional assets under management and associated net income is likely to lead to the directors raising their financial expectations, and the company will provide further guidance on the financial impact of the project upon completion, which is expected at the end of fourth quarter 2021.

The Australian mandate follows Gresham House’s appointment by AXA IM Alts in 2019 as the asset manager to a 4,074-hectare (10,067-acre) portfolio of forests in Ireland and will see the international relationship between the two managers strengthened. Gresham House is the United Kingdom’s largest commercial fo