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Phaunos Timber Fund sells plantation in Uruguay

Phaunos Timber Fund sells plantation in Uruguay | Timberland Investment | Scoop.it

Phaunos Timber Fund has sold the Cerro Chato plantation, part of Phaunos' Pradera Roja investment, for $2.9m, payable in cash in US dollars.


Cerro Chato is located in eastern Uruguay and comprises approximately 690 hectares with over 490 hectares planted in various Eucalyptus species. The Cerro Chato land was purchased by Pradera Roja in December 2009 for $1.3m. It represents just under 7% of the Pradera Roja estate of 10,354 hectares.


The sale of Cerro Chato follows the realisation of the Don Chico plantation in July 2012. The buyer of the Cerro Chato plantation is a private investor. After the sale, Phaunos' remaining land ownership in the Pradera Roja estate will be 9,664 hectares, with approximately 4,500 hectares planted in Eucalyptus plantations.

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Chile, Brazil and Uruguay among the world’s leading exporters of wood chips

Chile, Brazil and Uruguay among the world’s leading exporters of wood chips | Timberland Investment | Scoop.it
Wood chip exports from Latin America are on track to reach a record high of almost eight million tons in 2011, reports the Wood Resource Quarterly.
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Phaunos Timber Fund sells Uraguayan property

Phaunos Timber Fund sells Uraguayan property | Timberland Investment | Scoop.it

The Board of Phaunos Timber Fund Limited ("Phaunos" or the "Company") is pleased to announce the sale of the Don Chico plantation, part of Phaunos' Pradera Roja investment for US $5.7 million, payable to the Company in cash in US dollars. Don Chico is located in eastern Uruguay and is comprised of approximately 1,567 hectares with over 700 hectares planted in various Eucalyptus species. The Don Chico land was purchased in 2009 for US $2.9 million. Don Chico represents 13% of the Pradera Roja estate of 11,921 hectares. The Pradera Roja investment was valued at US $32.2 million as at 31 December 2011. The portion of this value attributable to Don Chico as at 31 December 2011 was approximately US $4.1 million.

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The buyer of the Don Chico plantation is Bosques del Uruguay, an institutional timberland investor that invests in sustainable Eucalyptus plantations in Uruguay. 

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