BCI joins $1.39 bln acquisition of East Texas timberlands

U.S. timberland investor CatchMark Timber Trust Inc (NYSE: CTT) has announced the close of a US$1.39 billion acquisition of 1.1 million acres of East Texas timberlands. CatchMark led a joint venture, operating as Triple T Timberlands, with a consortium of institutional investors, including British Columbia Investment Management Corp (BCI). The joint venture acquired the property from Campbell Global. CatchMark said the U.S. timberland deal is one of the largest of the past decade.

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