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Taaleritehdas acquired 1,100 hectares of forest land from UPM

Friday 31. May 2013 - Taaleritehdas, a Finnish wealth management company has acquired today about 1,100 hectares of forest land from UPM. The two forest estates purchased are located in North Karelia in the Polvijärvi area. The contract covers also a long term wood trade and forest services agreement. The parties have agreed not to disclose the purchase price.

The contract now closed is the second forest estate purchase contract between UPM and the Taaleritehtaan Metsä fund. In January 2012 Taaleritehdas acquired 6,000 hectares of forest land in Pyhäntä, Kiuruvesi, Ilomantsi and Utajärvi in Finland. The fund plans to 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.
“The Taaleritehtaan Metsä fund offers the investors an easy solution because we take care of all practicalities. All matters related to forest ownership like purchases, sales and forest management are handled by Taaleritehdas and its forest professional Jyrki Ketola,” says Juhani Elomaa, Managing Director of Taaleritehdas.
“We are pleased to have closed this second big forest estate agreement with Taaleritehdas. For us this is a sign that our service including the sales of the forest estates and the wood trade and forest service agreement is functional and fits well with the needs of investors,” says Sauli Brander, Vice President, UPM’s Forestry Business.
“Taaleritehtaan Metsä” is a totally new way to own forest. It offers investors an easy and effortless way to buy a piece of Finnish forest land without any forest management responsibilities normally related to forest ownership.
Nearly 1 million Finns own one or more forest estates in Finland. Forest management as well as sales and purchase operations require expertise. Timely harvesting, regeneration and selection of tree species are not easy for ordinary people.
“Forest as investment fits well for Finnish investors. It is a concrete investment with ownership which spreads the risk in the portfolio well. The earnings from forest ownership have not correlated with the other investment categories like shares and interest rates. Additionally forest ownership offers an inflation he