ROTORUA, New Zealand, December 1, 2004 – Hancock Forest Management has opened a new office in New Zealand to provide forest management services for its properties there.
Hancock Forest Management Limited (HFM NZ) is the New Zealand forest management subsidiary of the U.S.-based Hancock Timber Resource Group, the world’s largest timberland investment manager for institutional investors. HFM NZ will provide integrated forest management services on approximately 40,000 hectares (100,000 acres) located in the Central North Island region of New Zealand.
“Our local team is excited about the opportunity to provide the full range of property management services for Hancock Timber’s investors,” said Bill McCallum, HFM NZ’s General Manager. “By integrating forest management with in-house client services, all of the organization’s business interests are lined up in the most direct possible way to serve clients’ needs.”
HFM NZ’s parent company, Hancock Natural Resource Group Australia Pty Ltd., provides regional investment and asset management services from locations in Rotorua, Sydney and Melbourne, and now manages more than 300,000 hectares (750,000 acres) in Australia and New Zealand.
Manulife Financial Corporation trades as ‘MFC’ on the TSX, NYSE and PSE, and under ‘0945’ on the SEHK. Manulife Financial can be found on the at www.manulife.com.