China Investment Corporation Narrows in on BC Timberlands

Posted on 12/12/2012


The China Investment Corporation (CIC) is drawing closer to buying a significant stake in Island Timberlands LP. Brookfield Asset Management is the parent company of Island Timberlands. Island Timberlands controls around 258,000 hectares of timberland on Vancouver Island and the surrounding area. Island Timberlands harvests around 1.8 million cubic meters per annum, majority being exported […]