AXA IM Alts has acquired 24,000 hectares of Australian woodland and an associated forestry management business from investment funds advised by Global Forest Partners.
The acquisition was reportedly completed for A$700m ($517m), although this wasn't confirmed by AXA IM Alts.
This marks the asset manager's first investment into Australia's forestry market. The business currently manages 60,000 hectares across France, Ireland and Finland.
Channels:Deals
Companies:AXA IM Alts