(UPM, Helsinki, 18 November, 2013) - Neukirchen Metsä Oy, a subsidiary of Kajo Neukirchen GmbH purchased 2,850 hectares of forestry land from UPM in Pielavesi, Finland. Neukirchen Metsä Oy was advised by Latifundium Management GmbH on the acquisition.
In addition to the real estate deal the parties have signed a long term wood purchase and forest management agreement. The parties have agreed not to disclose the purchase price.
Kajo Neukirchen GmbH is a family business based in Frankfurt am Main, Germany, specialized mainly in the acquisition of medium-sized family-owned companies and corporate divestitures and the acquisition and management of first class commercial and residential real estate.
Latifundium Management GmbH (LM) is a leading forestry investment management and advisory company focusing on large private and institutional investors and family offices. LM has a strong network and a proven track record in international forest transactions.
UPM sells its forest assets steadily as part of its land use management. The parties interested in them are private forest owners who want to expand their forest ownership or family owned funds, private persons or other parties who find forestry land as a long term investment with steady return.
“The parties involved in the transaction agree that a long-term wood purchase and forest management strategy, as agreed on between the parties, helps to support sustained forest operations and a enables the forest owner to gain a solid yield,” Riitta Väisänen, Sales Manager, UPM, explains the motivation of investors to purchase forest estates from UPM. “In return it means a steady wood flow for UPM.”
Detailed information on UPM estates and lake shore plots on sale are available on www.bonvesta.fi.
For further information please contact:
Riitta Väisänen, Sales Manager, Forest Services and Land Use, UPM, tel. +358 400 546 690
Maximilian Graf von Maldeghem, Latifundium Management GmbH, +49 881 92 482 580
Through the renewing of the bio and forest industries, UPM is building a sustainable future across six business areas: UPM Biorefining, UPM Energy, UPM Raflatac, UPM Paper Asia, UPM Paper Europe and North America and UPM Plywood. Our products are made of renewable raw materials and are recyclable. We serve our customers worldwide. The Group employs around 22,000 people and our annual sales exceed € 10 billion. UPM shares are listed on NASDAQ OMX Helsinki. UPM – The Biofore Company – www.upm.com