OP-Forest Owner Fund (Non-UCITS) purchases forestry land from UPM
(UPM, Helsinki, 20 January, 2015) - 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.
"The OP-Forest Owner Fund (Non-UCITS) offers private individuals a new way to own forest. The fund is a great choice for people who are interested in investing in forestry land, but do not wish to make direct investments into forest properties due to lack of forestry knowledge or available time", says Tapio Tilli, Portfolio Manager of the fund. "The first subscription for the fund was done towards the end of last year, with a positive reception from investors. Subscriptions to the fund can be done in all offices of the Osuuspankki bank. The next registration of subscriptions will be at the end of March."
"Forest management and wood trade collaboration with UPM is an excellent solution for the fund," Tapio Tilli says. "Professional forest management ensures the best profit for the fund."
"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.
For further information, please contact:
Sales Manager Riitta Väisänen, UPM, tel. +358 400 546 690
Portfolio Manager Tapio Tilli, OP Group, tel. +358 50 357 9743
Notes to 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
OP-Forest Owner Fund (Non-UCITS) is a specialised investment fund focused on forest investments. In addition to direct forest investments, the fund can also perform indirect investments in forest estates. The fund's primary method for earning profit is the sale of wood in the forest estates owned by the fund. The fund hands out a minimum of 75 per cent of its realised net profit annually to the fund's shareholders. Further information on the fund can be found at www.op.fi/rahastot
"The OP-Forest Owner Fund (Non-UCITS) offers private individuals a new way to own forest. The fund is a great choice for people who are interested in investing in forestry land, but do not wish to make direct investments into forest properties due to lack of forestry knowledge or available time", says Tapio Tilli, Portfolio Manager of the fund. "The first subscription for the fund was done towards the end of last year, with a positive reception from investors. Subscriptions to the fund can be done in all offices of the Osuuspankki bank. The next registration of subscriptions will be at the end of March."
"Forest management and wood trade collaboration with UPM is an excellent solution for the fund," Tapio Tilli says. "Professional forest management ensures the best profit for the fund."
"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.
For further information, please contact:
Sales Manager Riitta Väisänen, UPM, tel. +358 400 546 690
Portfolio Manager Tapio Tilli, OP Group, tel. +358 50 357 9743
Notes to 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
OP-Forest Owner Fund (Non-UCITS) is a specialised investment fund focused on forest investments. In addition to direct forest investments, the fund can also perform indirect investments in forest estates. The fund's primary method for earning profit is the sale of wood in the forest estates owned by the fund. The fund hands out a minimum of 75 per cent of its realised net profit annually to the fund's shareholders. Further information on the fund can be found at www.op.fi/rahastot