Forestry Plantations Queensland’s sale of assets to international private equity consortium


Forestry Plantations Queensland (FPQ) was the first of five businesses to be sold or leased by the Queensland Government to the private sector as part of the government’s $16.5 billion forestry privatisation program.

In a bid to reform the state balance sheet and build a stronger state economy, the Queensland Government sold FPQ’s main assets to a Hancock managed consortium for $603 million in June 2010.

The deal included a 99 year licence to manage, harvest and re-grow plantation timber on over 200,000 hectares of plantation lands.

Corrs advised major Danish investor ATP Timberland Invest K/S and a large institutional UK investor. Together they were the key equity investors in the successful Hancock managed consortium.