New Forests appoints property manager for Wairarapa and Southland estates

SYDNEY/TAURANGA, 5 December 2019 – New Forests is pleased to announce the appointment of Forest Enterprises Growth Limited (Forest Enterprises) as property manager for its New Zealand forestry assets in the Wairarapa and Southland areas. Forest Enterprises, based in Masterton, commenced its role on 1 December 2019.

Matt Wakelin, who recently joined New Forests’ Tauranga office as Manager – Operations and Investments for New Zealand, welcomed Forest Enterprises as the property manager for New Forests’ estates in Wairarapa and Southland.

“With Forest Enterprises engaged to provide property management services, we are well placed for the next steps in implementing our strategic plans for these forestry estates,” Mr Wakelin said.

“New Forests continuously seeks to bolster the management of our estates by bringing sustainability into the core of forestry investment. We are confident that this new relationship with Forest Enterprises will align property management with our ongoing efforts to support and strengthen local industry and supply chains in New Zealand.”

New Forests’ Director of Operations, Matt Crapp, explained, “Forest Enterprises and New Forests share common objectives in the supply chain – to improve efficiency and safety through increased coordination and scale. We are grateful for the progress already made together with our peers in the industry, our stakeholders, and our service providers over recent years, while we anticipate a bright future for the full New Zealand forest value chain.”

Forest Enterprises’ CEO Bert Hughes looks forward to building on the existing strong relationship between the companies.

“After collaborating with New Forests and forming Log Distribution Limited earlier this year, this is another great example of a partnership that will benefit both community and industry stakeholders,” Mr Hughes remarked.

“With more than 50 years’ experience in the market, we are eager to support not only New Forests’ operations but also its commitment to responsible investment and sustainable management of the land.”

New Forests Advisory Pty Limited (ACN 114 545 274) is registered with the Australian Securities and Investments Commission and is the holder of AFSL No 301556 which authorises it and its authorised representatives New Forests Asset Management Pty Limited (ACN 114 545 283), (AFS Representative Number 376306), and New Agriculture Pty Limited (ACN 658 097 020) (AFS Representative Number 001298119) to provide general advice to wholesale clients into investments managed by New Forests. New Forests Inc is registered as an investment adviser under the Investment Advisers Act of 1940, as amended (the “Advisers Act”). Registration with the SEC does not imply any specific or certain level of skill or training. New Forests Asia (Singapore) Pte Ltd holds a Capital Markets Services Licence (CMS 100950) as an Accredited/Institutional Licenced Fund Management Company (A/I LFMC), issued by the Monetary Authority of Singapore.

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