Sale of Craigpine’s Forests to Munich Re

Murray & Co acted as financial advisor on the sale of Craigpine’s forestry estate to Ponga Silva Ltd, an entity controlled by German insurer Munich Re.

Craigpine’s forests comprised a total productive area of 1,842ha of predominantly radiata pine covering six locations in close proximity to Craigpine’s sawmill located in Winton in Southland (now owned by Niagara).

The transaction was completed in April 2021 following receipt of Overseas Investment Office consent.