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Nature Conservancy sells sustainable forest to ATP Timberland Invest
06/04/2009
In a deal that ‘further solidifies the compatibility of forestry and conservation,’ Nature Conservancy has sold 92,000 acres of protected forestland in New York state to Danish pension fund arm, ATP Timberland Invest.
The deal has been done through RMK Timberland Group and is part of ATP’s new plan to invest in trees as an alternative asset class. The 92,000 acres are in the Adirondacks of New York State and are part of the 161,000 acres that Nature Conservancy bought from Finch Paper LLC in 2007.
Nature Conservancy says the deal is critical as part of the plan to keep ‘working forests intact and economically viable’. The Nature Conservancy website says the forests will continue to provide recreational facilities including fishing, hiking and hunting and will also protect ‘key natural resources for generations to come.’
RMK Timberland will provide ‘green’ pulpwood to Finch Paper while observing the highest standards of sustainability. RMK Timberland’s president says, There is a newfound enthusiasm these days for investing in natural resources like forestland.”
ATP Timberland Invest’s CEO, Kenrik Gade Jepsen, says the investment is just what the pension fund was looking for, “it meets the high standards of our pension fund’s commitment to the United Nations Principles for Responsible Investment, and it fits perfectly in our portfolio investment strategy.”
The deal has been done through RMK Timberland Group and is part of ATP’s new plan to invest in trees as an alternative asset class. The 92,000 acres are in the Adirondacks of New York State and are part of the 161,000 acres that Nature Conservancy bought from Finch Paper LLC in 2007.
Nature Conservancy says the deal is critical as part of the plan to keep ‘working forests intact and economically viable’. The Nature Conservancy website says the forests will continue to provide recreational facilities including fishing, hiking and hunting and will also protect ‘key natural resources for generations to come.’
RMK Timberland will provide ‘green’ pulpwood to Finch Paper while observing the highest standards of sustainability. RMK Timberland’s president says, There is a newfound enthusiasm these days for investing in natural resources like forestland.”
ATP Timberland Invest’s CEO, Kenrik Gade Jepsen, says the investment is just what the pension fund was looking for, “it meets the high standards of our pension fund’s commitment to the United Nations Principles for Responsible Investment, and it fits perfectly in our portfolio investment strategy.”
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