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Sign in Sign up for a FREE subscriptionTimberland Investment JV pays $386m for 199k acres in Chile
BTG Pactual announced that a consortium led by its Timberland Investment Group (TIG), along with British Columbia Investment Management Corporation (BCI), one of Canada’s largest institutional investors, and APG, one of the world’s largest pension providers, has agreed to acquire Chilean timberland assets from Arauco for $385.5 million.
The transaction is comprised of approximately 80,500 hectares (198,920 acres) of high-quality, sustainably managed timberlands in the central and southern regions of Chile and will establish the consortium’s timberland presence in the country.
The acquisition supports the consortium’s strategy of investing in timberland assets around the world that can achieve compelling investment returns, while applying high environmental, social and governance standards. The timberlands in this transaction have all been certified with Arauco by the Forest Stewardship Council (FSC).
Gerrity Lansing, head of TIG and MD partner at BTG Pac
