The Fund’s investments will focus predominately on high yielding Sitka spruce forests of various maturities from new plantings to harvestable woodlands and is intended to provide investors with an asset backed income and prospects of capital growth. The Fund aims to target annual unlevered returns of 10% after tax and net of all costs. In line with its stated strategy, Gresham House intends to support the Fund by investing from its balance sheet alongside third party investors.
Rupert Robinson, Managing Director of Gresham House Asset Management Ltd said, “AGP contracting to acquire this portfolio of forests is the first major initiative since Aitchesse became part of the Gresham House group.
“The opportunity to purchase such an attractive forestry asset as the cornerstone investment for the Fund is particularly exciting. The Fund will be Gresham House’s first new collective investment vehicle investing in forestry, a growing asset class for institutional, family office and professional investors.”
