FIM specialises in UK sustainable real asset investments, specifically forestry and renewable energy, as Managing Director Richard Crosbie Dawson explains:
“Over the last year, FIM assets under management in the UK have increased by £135 million to £850 million, as interest in these asset classes continues to grow.”
The company has opened an office in Scotland and appointed a new Forestry Director, with effect from 1 August 2017. Colin Lees-Millais, Director of Forest and Land, explained the strategy:
“UK forestry is at the core of our investments and we sought another expert to help further develop and expand this part of our business.
Our new Forestry Director, Jason Sinden, has over 25 years of experience in investment forestry.
We know him well, having worked closely together for the last 17 years.”
Previously Director of Investment and Property for Tilhill Forestry Limited, Jason is a Fellow of the Institute of Chartered Foresters, a Chartered Surveyor and an MBA graduate. He graduated with an Honours degree in Forest Management from the University of Aberdeen and since then has worked his way up through the industry, including 5 years with FIM as an investment manager, followed by 12 years at Tilhill Forestry Limited, where he worked with FIM on forest acquisitions.
Jason will be based at FIM’s new office in Dumfries, Scotland. Jason says:
“Dumfries and Galloway is the heart of UK forestry, so it makes perfect sense for us to open an office here. FIM manages 78,000 hectares (over 190,000 acres) of forestry on behalf of clients, and I have no doubt that the new office will help us to expand further.”
According to the independent IPD UK Annual Forestry Index, UK commercial forestry has returned 17.4% per annum over the last decade, beating equities (5.1%), bonds (6.5%) and commercial property (4.5%).