BTG Pactual Timberland Investment Group (BTG Pactual TIG) has added 107,000 acres of timberland to its US portfolio.
The sustainably managed timberland in Central Virginia was sold by the Weyerhaeuser Company for an unspecified amount.
The transaction increases BTG Pactual TIG’s total US portfolio to approximately 1.6m acres under management.
The property, which consists primarily of loblolly pine, also includes 50 miles of ecologically important, resilient stream systems.
Gerrity Lansing, head of BTG Pactual TIG, said: “We are pleased to add these high-quality, well-managed timberlands to our US portfolio and strengthen our presence in the region.”
Lansing said the acquisition supports the firm’s strategy of investing in sustainably managed timberland with long-term value potential and offers further opportunities to expand the reach and impact of local conservation efforts through its collaboration with The Nature Conservancy.
Cat Burns, managing director of NatureVest, The Nature Conservancy, said: “Expanding the portfolio’s footprint by over 100,000 acres broadens our capacity to amplify impact across the landscape.
“Forest management practices that are best suited to enhance biodiversity are highly site-specific. We optimise where each practice is implemented and ensure that it is synergistic with forestry operations. As the size of the portfolio increases, so do the opportunities to optimise for impact.”
To read the latest IPE Real Assets magazine click here.
