TSX/NYSE/PSE: MFC SEHK: 945
BOSTON, Nov. 25, 2020 /PRNewswire/ - Hancock Natural
Resource Group, a Manulife Investment Management Company, announced
today it has completed the acquisition of approximately 149,000
acres of timberlands in southern Oregon from Weyerhaeuser Company. The firm has
acquired more than 200,000 acres of quality timberlands in southern
Oregon since 2017. This most
recent acquisition is aligned with Manulife Investment Management's
goals to provide additional opportunity for investors within
private markets across timber, agriculture, infrastructure, real
estate and private equity and credit.
"We believe these forests have been well-managed and are
attractively stocked with Douglas-fir and white woods timber. The
customer base for the timber are leading forest product companies
who manufacture veneer, plywood, engineered wood products and
lumber," said Tom Sarno, global head
of timberland investments, Hancock Natural Resource Group. "We look
forward to managing these forests in a manner consistent with our
commitment to stewardship of people and the environment alongside
our contractors, recreational users and other community
stakeholders in southern Oregon."
The parcels are located in Coos, Curry,
Douglas and Josephine counties and will be managed by
Hancock Forest Management, Hancock Natural Resource Group's
integrated property management group.
Hancock Natural Resource Group manages approximately 635,000
acres of timberland in Oregon, 1.4
million acres in the greater Pacific Northwest and Inland Northwest
region and 5.6 million acres globally.
About Hancock Natural Resource Group
Hancock Natural Resource Group (HNRG) is part of Manulife
Investment Management's comprehensive Private Markets platform,
which includes Private Equity and Credit, Infrastructure, Real
Estate, Timber and Agriculture. HNRG's timber division manages
approximately 5.6 million acres of timberland across the United States and in Canada, New
Zealand, Australia, and
Chile. HNRG's agricultural
investment group oversees approximately 400,000 acres of prime
farmland in major agricultural regions of the United States and in Canada and Australia.
About Manulife Investment Management
Manulife Investment Management is the global wealth and asset
management segment of Manulife Financial Corporation. We draw on
more than a century of financial stewardship and the full resources
of our parent company to serve individuals, institutions, and
retirement plan members worldwide. Headquartered in
Toronto, our leading capabilities
in public and private markets are strengthened by an investment
footprint that spans 17 countries and territories. We complement
these capabilities by providing access to a network of unaffiliated
asset managers from around the world. We're committed to
investing responsibly across our businesses. We develop innovative
global frameworks for sustainable investing, collaboratively engage
with companies in our securities portfolios, and maintain a high
standard of stewardship where we own and operate assets, and we
believe in supporting financial well-being through our workplace
retirement plans. Today, plan sponsors around the world rely on our
retirement plan administration and investment expertise to
help their employees plan for, save for, and live a better
retirement.
As of September 30, 2020, Manulife
Investment Management had CAD$923
billion (US$692 billion) in
assets under management and administration. Not all offerings
are available in all jurisdictions. For additional information,
please visit manulifeim.com.
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SOURCE Manulife Investment Management