Properties
Tarrangower
is a 16,300-acre property located in the northern tablelands region of New South Wales, Australia, and is approximately 370 miles (600 kilometers) north of Sydney. Tarrangower will provide returns from timber production and grazing leases as well as environmental products, such as the biodiversity conservation grant from the government.
The investment strategy involves shifting the property from grazing and cropping and establishing hardwood sawlog plantations that can be sold to markets for high-value native feature grade timber. Approximately half of the area is suitable for planting. Various species of Eucalyptus have been established and the timber from these trees will be sold into either local sawtimber markets for flooring or exported as logs into Pacific Rim markets.
The remainder of the property will be dedicated to vegetation conservation and re-vegetation. Tarrangower received incentive financing from the Border Rivers-Gwydir Catchment Management Authority (BRGCMA). The CMA has identified biodiversity and dryland salinity reduction targets for the region, and reforestation with native species on the Tarrangower property will make a significant contribution to this objective. In recognition of the value of this investment by Cambium, the CMA has agreed to provide nearly $1 million in financing to support the reforestation programs planned for Tarrangower.
At the time of acquisition Tarrangower consisted of approximately 21,000 acres. In 2010 Cambium sold approximately 4,800 acres of this property for higher and better use.
Cambium is confident that Tarrangower will achieve long-term return objectives and will make a contribution to improved environmental outcomes for the local community. Cambium believes that Tarrangower will qualify for Forest Stewardship Council certification.
is a 16,300-acre property located in the northern tablelands region of New South Wales, Australia, and is approximately 370 miles (600 kilometers) north of Sydney. Tarrangower will provide returns from timber production and grazing leases as well as environmental products, such as the biodiversity conservation grant from the government.
The investment strategy involves shifting the property from grazing and cropping and establishing hardwood sawlog plantations that can be sold to markets for high-value native feature grade timber. Approximately half of the area is suitable for planting. Various species of Eucalyptus have been established and the timber from these trees will be sold into either local sawtimber markets for flooring or exported as logs into Pacific Rim markets.
The remainder of the property will be dedicated to vegetation conservation and re-vegetation. Tarrangower received incentive financing from the Border Rivers-Gwydir Catchment Management Authority (BRGCMA). The CMA has identified biodiversity and dryland salinity reduction targets for the region, and reforestation with native species on the Tarrangower property will make a significant contribution to this objective. In recognition of the value of this investment by Cambium, the CMA has agreed to provide nearly $1 million in financing to support the reforestation programs planned for Tarrangower.
At the time of acquisition Tarrangower consisted of approximately 21,000 acres. In 2010 Cambium sold approximately 4,800 acres of this property for higher and better use.
Cambium is confident that Tarrangower will achieve long-term return objectives and will make a contribution to improved environmental outcomes for the local community. Cambium believes that Tarrangower will qualify for Forest Stewardship Council certification.
