INVL fund that invests in forest and land acquires 1184 ha in Latvia
The INVL Sustainable Timberland and Farmland Fund II (STAFF II), which invests in forest and land in the Baltic Sea region and Central and Eastern European Union 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 are actively proceeding with successful acquisitions of top-quality agricultural land and forest in the Baltic countries. These are areas with big potential for commercial forestry and good farmland where we can develop sustainable farming in the Latvian countryside. Since the fund’s duration is not limited, we can plan to hold the assets we invest in for a very long time and provide investors with a sustainable long-term return,” said Martynas Samulionis, the fund’s managing partner.
The fund is investing in the Baltic countries and plans to later expand its portfolio in countries of Central and Eastern Europe that belong to the European Union, which offer an attractive investment return and a stable regulatory environment. There is a strong focus on the sustainable management of forests and farmland in terms of not just nature preservation but also social responsibility. The fund bases its activities on sustainable forestry standards and promotes the implementation of sustainable farming principles on agricultural land.
The fund operates under the laws of the Grand Duchy of Luxembourg and invests in specific countries in keeping with the regulatory restrictions set out by those countries.
About the INVL Sustainable Timberland and Farmland Fund II (STAFF II)
STAFF II is administered by the Apex Group, one of Europe’s largest providers of fund services. The fund invests in sustainably managed forests and agricultural land in the Baltic Sea region and Central and Eastern European Union countries. It is intended for institutional and private investors from EU countries.