New Forests winds up $700m fund with NZ asset sale to Dutch pension giant APG

Sydney-based New Forests has bought about $1.28 billion worth of New Zealand land since 2016, records show. (Image: File)

John Anthony

Fri, 12 Dec 2025

Australia-based New Forests has closed a A$700 million (NZ$803m) fund after selling its remaining New Zealand forestry assets to Europe’s biggest pension fund, APG.New Forests said its Australia NZ Forest Fund 2 (ANZFF2) had signed agreements to sell its final NZ holdings, two large Otago forestry estates, to APG.Founded in Sydney in 2005, New Forests is one of Australia’s largest forestry investment managers and a major forest owner in NZ.Since 2016, it has purchased about $1.28 billion worth of NZ land, according to Overseas Inves...

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