INVL fund acquires 1,184 ha of land in Latvia

• Published date: 26 May 2022
• Publication title: LETA

RIGA, May 26 (LETA) - The INVL Sustainable Timberland and Farmland Fund II (STAFF II), which invests in forest and land in the Baltic Sea region and across Central and Eastern Europe, has completed a transaction to acquire 1,184 hectares of land, including 635 hectares in forest, in Latvia through its subsidiary Zemvalde Forest, LETA was told at the fund.

The fund's representatives said that these are consolidated areas providing extensive opportunities for commercial forestry and with good farmland, which will enable the fund to practice sustainable forest management in the long term, introduce principles of sustainable agriculture and increase farming efficiency.

The fund is investing in...