Silvestica Green Forest AB, a Swedish forest fund for institutional investors.
Interest in forestry and the forestry industry has increased sharply in recent years and expectations for the future are strong. The rate of investment in production facilities around the Baltic Sea is very high and the demand for raw materials is expected to rise sharply in the coming years. Together with the growing importance of forestry as part of the future of the bioeconomy, it provides a good basis for interesting investments in forest land.
To meet this interest, SEB, together with CRK Forest Management has now established a fund, Silvestica Green Forest AB, tasked to acquire forest land in Sweden, Finland and the three Baltic States. The fund will manage and process forest holdings in a responsible and sustainable manner in order to achieve high growth in value and a stable dividend yield. The goal is for Silvestica to own forest land with a value of approximately 500 million euros within 3-5 years.
Silvestica caters primarily to large institutional investors, and as a cornerstone investor, we now welcome the life insurance companies Gamla Livförsäkringsaktiebolaget SEB Trygg Liv and the Folksam Group.
The first forest acquisition was carried out in July 2017 when approximately 7,000 hectares of forest land in central Finland was purchased from UPM.
For further information please visit our website, www.silvestica.se.
“The Fund is the result of many years of work in which the belief has always been that the ownership of forest land in our immediate vicinity is a good long-term investment suitable for a well diversified portfolio. This will be the first national forest fund of its kind and it feels fantastic that it is now a reality. We look forward to the continuing operations with confidence,” says Karl Danielsson.
Silvestica Green Forest AB
Karl Danielsson
press spokesman
+46 70 648 23 03
karl.danielsson@crkforest.se
CRK Forest Management AB, Rickard Lehmann
rickard.lehmann@crkforest.se