INVL Sustainable Timberland and Farmland Fund II managed Latvian companies SIA Zemvalde Forest and SIA Zemvalde Agro have successfully closed a transaction for the sale of a forest property portfolio covering over 2,600 hectares.

The plots of land sold are primarily located in the Vidzeme and Latgale regions. The buyer is a company registered in Latvia and owned by Danish investors.

“This transaction confirms once again that sustainably managed forest generates real and market-recognised value. Throughout the investment period, we managed this portfolio in accordance with international sustainable forestry standards. Now, having successfully concluded this investment cycle, we plan to reinvest the proceeds into other promising forest and agricultural land assets,” states Inita Vilka, Member of the Board of SIA Zemvalde Forest and SIA Zemvalde Agro.

The sellers, SIA Zemvalde Forest and SIA Zemvalde Agro, are INVL Sustainable Timberland and Farmland Fund II portfolio companies.

In the sale of the INVL Latvian forest portfolio, the sellers were represented by “Karl Danielsson Farm & Forest”, which led the sales process and provided support until the successful completion of the deal.

About INVL Sustainable Timberland and Farmland Fund II

The alternative investment fund INVL Sustainable Timberland and Farmland Fund II is managed by FundRock LIS S.A., a management company registered in Luxembourg and licensed in accordance with AIFMD requirements. The fund’s asset portfolio is managed by INVL Asset Management, a leading alternative asset manager in the Baltics. The fund’s administration is provided by Apex Group, one of the largest fund service providers in Europe. The fund is not registered for marketing activities in Latvia.

About INVL Asset Management

INVL Asset Management is a leading alternative asset manager in the Baltics. The company aims to provide investors with high risk-adjusted returns while positively impacting the region's economic development. INVL Asset Management is part of the Invalda INVL group, which has over 30 years of operational experience. The group's companies manage or supervise assets worth more than 2.3 billion euros across various asset classes, including private equity, forests and agricultural land, alternative energy, and real estate. The group’s operations also include family office services in Lithuania, Latvia, and Estonia, pension fund management in Latvia, as well as investments in international third-party funds. More information: www.invl.com/en/