UPM sells 6000 hectares of forest land to TaaleritehdasArchive 20.12.2012 13:00 EET
Wealth Management Company Taaleritehdas’ new fund “Taaleritehtaan Metsä” is a totally new way to own forest. It offers the investors an easy and effortless way to buy a piece of forest land and enjoy regular income from forest ownership. Professional forestry as well as sales and purchase improve return. The forest specialist with the fund together with the UPM forest professionals are responsible for the timely forest management on the estates now purchased by Taaleritehdas.
The estates acquired today from UPM are the first forest properties within the fund. It will acquire more forest land during the next two years when suitable estates are available. Investors in the fund are private Finnish investors as well as institutional investors and organisations.
“As an investment, forest is suitable for Finnish investors. It is a concrete ownership which spreads the risk in the portfolio as well. The earnings from forest ownership have not correlated with the other investments like shares and interest rates. Additionally forest ownership offers an inflation hedge as the wood price has traditionally followed the inflation rate,” says Juhani Elomaa, Managing Director of Taaleritehdas.
“Taaleritehtaan Metsä is a new and interesting way to increase the interest in the forests, forest ownership and sustainable use of the forests. UPM shares this aim and therefore we are pleased to act as an enabler in this process,” says Sauli Brander, Vice President, Forestry Business, UPM.
For further information please contact:
Riitta Väisänen, Sales Manager, UPM, tel. +358 400 546 690
Juhani Elomaa, Managing Director, Taaleritehdas Oy, tel. +358 40 778 9020
Jyrki Ketola, Forest Specialist, Taaleritehdas Oy, tel. +358 400 606 522
UPM leads the integration of bio and forest industries into a new, sustainable and innovation-driven future. Our products are made of renewable raw materials and are recyclable. UPM consists of three Business Groups: Energy and PulpPaper, and Engineered Materials. The Group employs around 23,000 people and it has production plants in 17 countries. UPM's annual sales exceed EUR 10 billion. UPM's shares are listed on the Helsinki Stock Exchange. UPM – The Biofore Company – www.upm.com
Taaleritehdas is a wealth management company offering its customers a complete range of wealth management services based on a sound long-term policy. Taaleritehdas is an independent actor that selects the ideal products and services from the leading providers for the clients based on their current situation and overall interests. Taaleritehdas employs about 100 experienced professionals from many different fields. Offices are located in Helsinki, Turku, Tampere, Pori and Oulu. Read more about us: www.taaleritehdas.fi