Under assessment · Notification · Phase 1 · day 1, due 23 Nov 2026
Funds managed by New Forests, with minor co-investor Allianz, propose to acquire the forestry plantation assets of Associated Kiln Driers and Heywood Plantations. This asset sale involves approximately 10,933 hectares of softwood log plantations across four regions, expanding New Forests' nature-based real assets portfolio in the Australian forestry sector.
New Forests Australia New Zealand Landscapes and Forestry Fund ( ANZLAFF ) via the Trust Company Limited as trustee of ANZLAFF Sub 1 and the Trust Company Limited as trustee of ANZLAFF Sub 4 ( New Forests ANZLAFF ) propose to acquire the forestry plantation assets of Associated Kiln Driers Pty. Limited ( AKD ) and Heywood Plantations Pty Ltd (together, the AKD Estate ) (the Acquisition ). Allianz will be a minor co-investor. The New Forests ANZLAFF are managed by New Forests Asset Management Pty Limited ( New Forests Asset Management ), which is a wholly owned subsidiary of New Forests Pty Limited ( New Forests ). New Forests is a global investment manager of nature-based real assets including timber plantations, conservation areas, carbon and conservation finance projects, agriculture, timber processing and infrastructure. New Forests Asset Management also manages the New Forests Australia New Zealand Forest Fund ( ANZFF ), which currently holds minority interests in two softwood log plantation estates within the Green Triangle forestry region, located between south-east South Australia and south-west Victoria. This is a separate fund from ANZLAFF. ANZFF also holds a 100% interest in a sawmilling business at Tarpeena, located within the Green Triangle. This sawmill sources a majority of its logs from the Green Triangle. AKD is an integrated Australian softwood forestry and timber processing company with softwood sawmilling operations. The AKD Estate consists of softwood log plantations across four regions being Green Triangle, Central Victoria (Ballarat and Otway), southern New South Wales and north-east Victoria (Murray Valley) and Central New South Wales (Central Tablelands) covering approximately 10,933 hectares. The Acquisition does not include AKD’s sawmills. Allianz is an insurance and financial services company headquartered in Munich, Germany.