AXA Investment Managers - Real Assets (“AXA IM - Real Assets”), a global leader in real asset investments and the leading real estate portfolio and asset manager in Europe, announces that it has agreed the acquisition, on behalf of its clients, of a c.14,100 hectare portfolio of 15 forests located in central Finland, from Taaleri, a Finnish financial company. The acquisition has been made on behalf of two clients, including ERAFP, the French Public Service Additional Pension Scheme, for whom this transaction is their first investment in the forestry sector.
Located in central Finland, in the same region as AXA IM - Real Assets’ existing forestry assets, the portfolio benefits from its close proximity to a number of saw and pulp mills. In addition, the area benefits from excellent infrastructure as well as low population levels; the land value is consequently predominantly driven by the amount, quality and density of wood in the estates.
Press Release – 11 October 2017