It has been a busy few months for the team at Roger Dickie N.Z. with plenty happening in the last month.
Particularly, it was great to catch up with over 450 of our Partnership investors at the Annual General meetings. These meetings provide a fantastic opportunity for investors to contribute to the management of there investors and see first hand how there investment is operating. Because of the long term nature of Forestry investment many of our investors have been attending AGM’s for over 20 years, as well it is great to see the next generation of forest owners beginning to take part. For investors who were not able to attend the meetings we are working through finalising minutes and hope to have these out this week.
Awatea Forest Fund continues acquisitions
Despite a down turn in unit pricing in the latest quarterly revaluation, Awatea has continued to grow in scale, adding an additional property in the Hawkes Bay region to its portfolio.
Tainui, will add an additional 589ha of effective forestry area to the Fund, and is schedule to have over 250,000 seedlings in the ground this season. The property will also feature permanent areas, including natives and large scale Manuka plantings
Awatea continues to welcome new investors into the Fund, and it has been pleasing to see the continuation of additional investment from many existing investors, with now well over 170 investors into the Fund we remained focus on delivering sustainable returns for the long term.
Secondary Market spotlight
We currently have a great opportunity for anyone looking for additional forestry exposure, with units becoming available Turnbridge Forest Partnership via our secondary market.
Turnbridge Forest, is currently preparing to recommence the first rotation harvest and offers a shorter term hold for investors seeking distributions. The Forest is well located and expected to achieve strong volumes.
The partnership has a current Net Asset Value of $18.45, with units available for $15.68, a 15% discount.
If you would like to find out more please reach out to the team today. You can also find other secondary market options here
