"Last year we signed an agreement with UPM for the purchase of 7,200 hectares of forest area in Finland on behalf of a closed fund managed by us. We remain positive about Finland as a forest investment region and have therefore decided to increase our presence in the country with this transaction," said Latifundium's representative Maximilian Graf von Maldeghem.
"We are pleased to see that foreign investors are interested in buying forest properties from UPM in Finland. It is a sign that they have recognized the value of sustainably managed Finnish forests as a profitable investment," noted Sauli Brander, VP, UPM's Forestry Business.
UPM has sold its forest assets steadily as a part of land use management. The latest bidding opportunity concerning big forest entities was closed at the end of May. Detailed information on estates and lake shore plots for sale are available online.
TAPPI
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