UPM sells 2,000 hectares of forestry land

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UPM/IHB
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UPM and OP-Forest Owner Fund (Non-UCITS) have agreed on a 2,000-hectare forest estate sale. The acquisition includes two separate properties, both of which are located in Ristijärvi, Kainuu in Finland. In addition to the real estate deal the parties have signed a long term wood purchase and forest management agreement which ensures steady demand for timber and sustainable forest management according to the targets of the OP-Forest Owner Fund (Non-UCITS). The parties have agreed not to disclose the purchase price.
 
 "Large forest estates sold by UPM attract much interest, especially from investors. These are well-managed commercial forests with high yield." says Sauli Brander, Vice President, Forestry. UPM. "For investors, a long-term forest management and wood trade agreement with UPM is also a simple way to manage the asset and achieve sustainable returns. For UPM, these agreements mean a steady supply of wood, and for our forestry professionals a way to utilize their expertise in a new operational environment. "
 
UPM has regularly sold its forest assets as a part of developing its real estate. At present, UPM owns approximately 760,000 hectares of forestry land in Finland.

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