HMT acted for Cambium Global Timberland Limited on its AIM flotation.
Historically, timber investment has been the preserve of major institutional investors with foundations in the United States. Cambium Global Timberland Ltd was established to invest in a global diversified portfolio of forestry based properties and seeks out forests that can be managed on a sustainable basis. Launched on AIM it is the first Timberland Investment Vehicle Hedged into Sterling and designed for UK investors and raised £250 million.
The investment strategy includes seeking exposure to growing environmental markets related to carbon trading, water, and habitat conservation as an enhancement to core timber returns and does not include engagement in processing facilities.
The company will initially target investments in North and South America and the Asia-Pacific region but will invest in other regions on an opportunistic basis with the aim to establish a portfolio comprising geographically diverse assets located in both mature markets and in developing markets.
“We were delighted to act for Cambium Global Timberland Limited. We believe that the successful launch on AIM provides the company an exciting opportunity to proceed with its investment strategy.”