A long-term timber contracts
paper & wood products maker meadwestvaco corporation (nyse:) announced mwv company will sell about 2 timberland boots sale 28,000 acres of forest land it has and its long-term timber contracts this week (or lease) in the other 95,000 or so acres of woodlands on the wells reit, based in norcross, georgia, $ 400 million.
such as woodland recent international paper sales, turnover, including fiber supply agreement, in order to meadwestvaco will purchase from around the exchange in its scope of mahrt, alabama within the paperboard mill 300,0 cheap timberlands boots 00 acres of wood (in the transaction in fact involved in all the acres). woodland are mainly located in the southwest georgia and southeast alabama. the inventory of land that is now about 13.5 million tonnes (and growth) marketable timber – mainly the united states in southern longleaf pine sawtimber and timberland pulp materials.
this transaction is the penultimate “big” paper line are expected during the last year or so of the land sales. the last “big” is the temple of sales expectations of the inland ’sales; s woodland collection. we ‘ll soon have traded in that article. wells reit is a woodland wells real estate funds (first) created a new, open, non-traded forest resources, in norcross is based on a national real estate investment company with offices in atlanta in the vicinity. meadwestvaco to buy will be the first new production of forest resources. fund will seek to return value to its investors by selling timber and land-use rights (hunting or recreational rental, etc.). we do not know what the mining rights in the transaction may or may not include.
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