TimberWest wants to sell 46,500 acres on Vancouver Island
July 30, 2009 By Pulp & Paper Canada
TimberWest Forest Corp. intends to divest up to four discrete timberland properties located on Vancouver Islan…
TimberWest Forest Corp. intends to divest up to four discrete timberland properties located on Vancouver Island in British Columbia. The assets include the Beauforts, China Creek, Parksville, and Trent properties, which comprise a total area of approximately 46,487 acres (or 18,813 hectares) and have a combined timber inventory of over 4.0 million cubic metres.
The four properties represent small, isolated parcels of timberlands, most of which are not contiguous with TimberWest’s core timberland operations in either the north or the south of Vancouver Island.
BMO Capital Markets has been retained as exclusive financial advisor for the sale of these timberlands.
TimberWest is western Canada’s largest private timber and land management company.
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