Timber
Brookfield sponsors and manages timberlands investments, capitalizing on the industry and financial expertise of Brookfield and its investment partners and our long history of direct involvement in the forestry industry. The focus is on strategic investments in fee simple timberlands in Canada, the U.S., and Latin America.
Due to our extensive platform, Brookfield has the ability to pursue traditional, pure timberland opportunities as well as timberlands-rich public and private companies with enterprise values well below the asset value that might be achieved through a restructuring. This strategy offers a significant opportunity to outperform the broader peer group of Timberland Management Organizations (TIMO), which generally employ a competitive, auction-based acquisition strategy.
Brookfield launched its’ first private timber fund, Island Timberlands LP, with the acquisition in 2005 of 635,000 acres of fee simple timberlands in British Columbia.
The Fund is focused on growing and harvesting high quality timber and other forest products from coastal British Columbia for a broad customer base that includes Asia and North America. Recognized as one of the best sources of large Douglas-fir, hemlock and cedar in North America, Island Timberlands is the second largest private timberlands holding in British Columbia and the second highest value private timberland estate in Canada.
Brookfield acquired Longview Fibre in the spring of 2007. Longview encompasses 588,000 acres of high quality, fee simple timberlands located largely on the westside of Washington and Oregon, recognized as one of the best timber growing regions in the world. Longview's timberlands have a long history of active management and conservative harvest levels creating excellent harvest opportunities going forward. Longview Timberlands is well positioned in its marketplace with excellent access to both domestic and export markets and a regional domestic market that is relatively fibre short with a very competitive converting industry.
In addition, Brookfield launched Acadian Timber, an income trust encompassing 1.1 million acres of fee simple timberlands in New Brunswick and Maine in early 2006. Acadian is listed on the Toronto Stock Exchange under the symbol ADN.un.
