INVL Asset Management fund acquires 1,400 ha of forest in Romania
16 Enero 2024 - 1:45AM
INVL Asset Management fund acquires 1,400 ha of forest in Romania
The INVL Sustainable Timberland and Farmland
Fund II, a fund that invests in forest and land and whose
investment portfolio is managed by INVL Asset Management, the
leading Baltic alternative asset manager, completed a transaction
to acquire nearly 1,400 hectares (ha) of forest in Romania.
“We’re constantly on the lookout for new
acquisitions in countries with a stable regulatory environment and
an attractive investment return. This deal on the Romanian market
expands the geography of the fund, which until now has invested in
land and forests in Lithuania and Latvia,” says Martynas
Samulionis, INVL Sustainable Timberland and Farmland Fund II’s
managing partner.
He says the Romanian market is one of the
fastest growing in the European Union (EU), the country has a
developed timber industry, and a lot is being invested in
infrastructure there. Further evidence of Romania’s progress is the
fact that in March 2024 the country will partially join the
Schengen Area.
Romania’s forests show high levels of maturity,
with average volume of about 340 cubic metres of wood per hectare.
The country’s forests are dominated by valuable tree species such
as beech, spruce, fir, and oak.
“We’ll manage the forests in Romania, as we do
in other countries, in accordance with the local laws, best
practices and high standards of sustainability,” INVL Sustainable
Timberland and Farmland Fund II’s managing partner notes.
Currently the forest area that the fund manages
in Romania totals just over 1440 ha.
Under its strategy, INVL Sustainable Timberland
and Farmland Fund II invests in sustainably developed forest and
farmland in Central and Eastern European countries that offer
attractive investment returns and a stable regulatory environment.
It heavily stresses the sustainable management of forest and
farmland, focusing on not just nature preservation but also social
responsibility. In its activities, the fund adheres to sustainable
forestry standards and seeks to implement the principles of
sustainable farming on agriculture land.
INVL Sustainable Timberland and Farmland Fund
II, launched in 2020, is administered by the Apex Group, one of
Europe’s largest providers of fund service. The fund was
established and operates under the laws of the Grand Duchy of
Luxembourg and invests in individual countries in keeping with the
regulatory restrictions set by those countries. To date INVL
Sustainable Timberland and Farmland Fund II has raised EUR 94
million from investors and manages more than 20,800 ha of forest
and land. The fund has a hard cap of EUR 200 million.
The person authorized to provide additional
information is:Martynas Samulionis, Managing PartnerE-mail
martynas.samulionis@invl.com
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