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Australian forestry investment industry set to rise in coming year
21/10/2009
Marcus Derham, the chief executive of Willmott Forests has predicted that the Australian forestry industry investment market will rise by AUS$300 million in the coming year.
Following the collapse earlier this year of Timbercorp and Great Southern, investment in forestry fell to around AUS$220 million, from AUS$750 million the year before.
Derham, however, says that “Some level of recovery” is expected in the year to come and predicts that investment in the forestry market will increase by around AUS$300 million.
The comments by Derham were made in a Boardroom Radio Australia meeting in advance of Willmott Forests’ equity raising. The firm wants to find “opportunities for growth” rather than pay down debt, according to Derham.
Forestry industry investment is a popular alternative asset class among UK investors hoping to diversify risk. As a result of the recession and the effect this has had on stocks and shares, forestry investment is viewed by many as a safer place to invest.
Investment in sustainable forestry has particularly taken off in response to concerns about depleting forests and the impact of this on climate change.
Following the collapse earlier this year of Timbercorp and Great Southern, investment in forestry fell to around AUS$220 million, from AUS$750 million the year before.
Derham, however, says that “Some level of recovery” is expected in the year to come and predicts that investment in the forestry market will increase by around AUS$300 million.
The comments by Derham were made in a Boardroom Radio Australia meeting in advance of Willmott Forests’ equity raising. The firm wants to find “opportunities for growth” rather than pay down debt, according to Derham.
Forestry industry investment is a popular alternative asset class among UK investors hoping to diversify risk. As a result of the recession and the effect this has had on stocks and shares, forestry investment is viewed by many as a safer place to invest.
Investment in sustainable forestry has particularly taken off in response to concerns about depleting forests and the impact of this on climate change.
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