find the latest legal job
Corporate/Commercial Lawyers (2-5 years PAE)
Category: Corporate and Commercial Law | Location: Adelaide SA 5000
· Specialist commercial law firm · Long-term career progression
View details
Graduate Lawyer / Up to 1.5 yr PAE Lawyer
Category: Personal Injury Law | Location: Brisbane CBD & Inner Suburbs Brisbane QLD
· Mentoring Opportunity in Regional QLD · Personal Injury Law
View details
Corporate and Commercial Partner
Category: Corporate and Commercial Law | Location: Adelaide SA 5000
· Full time · Join a leading Adelaide commercial law firm
View details
In-house Legal Counsel & Commercial Lawyers
Category: Corporate and Commercial Law | Location: All Sydney NSW
· Providing lawyers with flexibility and control over when they work, how they work and who they work for.
View details
In-house Legal Counsel & Commercial Lawyers
Category: Corporate and Commercial Law | Location: All Melbourne VIC
· Providing lawyers with flexibility and control over when they work, how they work and who they work for.
View details
Three firms act on leafy deal

Three firms act on leafy deal

Global Forest Partners grew its Australian forestry assets and related facilities significantly last week, announcing its takeover of Gunns Limited's wood-chip export facility and of Elders' pulpwood assets.

Firms: DLA Piper (Gunns Limited), Freehills (Elders), Minter Ellison (Global Forest Partners and Australian Bluegum Plantations Pty Ltd)

Deal: Global Forest Partners grows its Australian forestry assets and related facilities

Area: Agri-business

Value: Confidential

Key players: Sydney corporate partners Callen O'Brien and Martin Bennett acted for Minters, together with property special counsel Andrew Wright and corporate lawyer Daniel Malouf. DLA Piper partners Carrie Follas and Michael Reed acted out of Sydney and Robert Nicholson and Al Donald advised on behalf of Freehills

Deal significance: Global Forest Partners agreed to acquire Gunns Limited's woodchip export facility at the Port of Portland for approx $61.8 million. It also announced it has completed the acquisition of Elders' pulpwood assets in Albany, Bunbury and the Green Triangle. Both acquisitions have been made through Australian Bluegum Plantations Pty Limited (ABP). ABP is owned by an international forestry investment fund advised by Global Forest Partners.

The Port of Portland transaction, which is subject to customary conditions including regulatory approvals, provides a tolling arrangement for future access by Gunns to the woodchip export facility for the sale of forest products from the Green Triangle in Victoria and South Australia that are under Gunns' management.

Under the deal with Elders, ABP acquired 12,400 hectares of freehold land in Albany, Bunbury and the Green Triangle; the Albany woodchip export facility owned and operated by Pulpwood Plantations Terminals Pty Ltd; and Elders-owned standing timber in Albany, Bunbury and the Green Triangle.

US giant Global Forest Partners is a leader in global timberland investments and is one of the biggest plantation managers in Australia. In 2009 it acquired the assets of the collapsed Timbercorp group of companies, including 92,000 ha. of eucalyptus plantations (approximately 100 million trees).   

Like this story? Read more:

QLS condemns actions of disgraced lawyer as ‘stain on the profession’

NSW proposes big justice reforms to target risk of reoffending

The legal budget breakdown 2017

Three firms act on leafy deal
lawyersweekly logo
Promoted content
Recommended by Spike Native Network
more from lawyers weekly
Papua New Guinea flag
06:04
World-first mining case launched in PNG
Citizens of Papua New Guinea have launched landmark legal proceedings against the country’s govern...
06:03
Punishing offenders twice pointless, politicians warned
The president of the Law Society of NSW has warned legislators from other states about adopting cont...
Dec 13 2017
Young humanitarian lawyer California-bound
A young Australian lawyer will be travelling to the US next year for a prestigious nine-month study ...
APPOINTMENTS
Allens managing partner Richard Spurio, image courtesy Allens' website
Jun 21 2017
Promo season at Allens
A group of lawyers at Allens have received promotions across its PNG and Australian offices. ...
May 11 2017
Partner exits for in-house role
A Victorian lawyer has left the partnership of a national firm to start a new gig with state governm...
Esteban Gomez
May 11 2017
National firm recruits ‘major asset’
A national law firm has announced it has appointed a new corporate partner who brings over 15 years'...
opinion
Nicole Rich
May 16 2017
Access to justice for young transgender Australians
Reform is looming for the process that young transgender Australians and their families must current...
Geoff Roberson
May 11 2017
The lighter side of the law: when law and comedy collide
On the face of it, there doesn’t seem to be much that is amusing about the law, writes Geoff Rober...
Help
May 10 2017
Advocate’s immunity – without fear or without favour but not both
On 29 March 2017, the High Court handed down its decision in David Kendirjian v Eugene Lepore & ...