The fund acquired the farmland and forest plots through its subsidiaries Zemvalde Forest and Zemvalde Agro.
The INVL Sustainable Timberland and Farmland Fund II, which invests in forest and land in the Baltic Sea region and Central and Eastern EU countries, has completed a transaction to acquire 1184 hectares in Latvia through its subsidiary Zemvalde Forest SIA, including 635 ha of forest and the rest is agricultural and other land.
We naively believed that collaboration with farmland investor NCH Capital would be our opportunity for honest business in Ukraine. The complete opposite turned out to be true.
- Baltic Course
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09 July 2020
A ban on selling land to citizens of foreign countries was proposed in order to protect local farmers who cannot compete with large Danish, German and other European agricultural enterprises in terms of prices and possibilities to attract funding.
- Baltic Course
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20 July 2016
The European Commission is giving five Eastern European countries two months to bring their agricultural land purchasing rules in line with the European Union standards or it may pursue legal action.
Several farmers in Latvia report incidents with foreign entities that offer farmers highly complex land rental agreements where, should farmers fail to meet certain contractual provisions, they can lose the land.
- Baltic Course
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12 December 2013
The Latvian government is planning restrictions on selling land to foreign investors. "We are not planning to restrict the purchase of agricultural land, but we do plan regulations to make sure that the land is used productively."
- Baltic Business News
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26 Mar 2013