Sumitomo Forestry acquisition of Wisdom Properties

Overview:

• Japan's Sumitomo Forestry has acquired a 51% stake in Australia's Wisdom Properties Group.
• Sumitomo Forestry is the first major Japanese home-builder to provide landscaping work overseas.
• Sumitomo Forestry is looking to tap into the US and Australian markets for growth.
• Wisdom Properties Group has extensive operations throughout New South Wales. The Group includes Wisdom Landscapes, Inspire Homes and My Home Central businesses.
• Clifford Chance (Lance Sacks, Owen Thomas) advised Wisdom Properties. 
• Thomson Geer (Adam Brooks) advised Sumitomo Forestry.

Wai Yee Tsang - Journalist - Asia-Pacific