UB Nordic Forest Management Oy's Nordic Forest Fund acquires 3,500 hectares Finnish forestry land from UPMPress Release 16.12.2014 14:00 EET
”During its first year NFF has found from Finland over 10,000 hectares of forest estates meeting its strategy. A significant share of this area has been acquired from UPM,” says Mikael Beck, Managing Director of NFF. “We will continue to acquire new estates next year when suitable areas are on sale.”
For UPM the forestry land sales agreements with funds are interesting, as well. ”We have closed several forestry land deals with NFF and other forest funds. A long term wood purchase and forest management agreement as part of the contracts signed with investors benefit both parties,” says Sauli Brander, Vice President, Forestry, UPM. “For the investor the agreement ensures professional forestry practices and a steady income from wood sales. For UPM it means steady wood flow and utilization of our forestry professionals’ expertise to serve new kind of forest owners.”
UPM sells its forest assets steadily as part of its land use management. For the time being UPM owns about 800,000 hectares of forestry land in Finland.
UPM Nordic Forest Management Oy is a subsidiary of United Bankers Oyj. It is specialised in forest investments. “The interest in our first fund NFF, which is mainly targeted to professional investors shows that there is demand for forest investment solutions. Our aim is to offer in the future fund based opportunities to invest in forests for wider audiences,” explains Mikael Beck, Managing Director of UB Forest Management Oy.
For more information please contact:
Riitta Väisänen, Sales Manager, Land Use, UPM, tel. +358 400 546 690
Mikael Beck, Managing Director, Nordic Forest Fund, tel. +358 400 618859
Notes for editors:
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 21,000 people and its annual sales are approximately € 10 billion. UPM shares are listed on NASDAQ OMX Helsinki. UPM – The Biofore Company – www.upm.com
United Bankers Oyj, established in 1986, is a parent company of a group specialised in investment banking. The company is mainly owned by its key persons and it has 80 employees (6/2014). The turnover in 2013 was 13.6 million euros and profit 1.9 million euros. The funds managed by the group are about 1.3 million euros (6/2014). The shares of United Bankers Oyj are listed in Nasdaq Helsinki Oy’s First North Finland market place. For more information about United Bankers Oyj see www.unitedbankers.fi
Nordic Forest Fund is a fund managed by United Bankers Oyj’s subsidiary Nordic Forest Management Oy (NFM). Mr. Mikael Beck is the Managing Director and Mr. Rainer Häggblom the Chairman of the Board of Directors of NFM. Häggblom is one of world’s leading experts in forest business. He has over thirty years’ experience in forest sector and forest investments among others from his previous jobs as Managing Director and the Chairman of the Board of Directors of Jaakko Pöyry. www.nordicforest.fi
UPM, Media Desk
tel. +358 40 588 3284