Finnish forest products company UPM has been actively marketing tracts of forest in eastern Finland ranging in size from 500 to several thousand hectares. Last year foreign investors — most of them German — bought nearly 9,000 hectares of forested lands.
Over the past two years the Finnish investment company Taaleritehdas has already snapped up 13,000 hectares of forest property in areas such as northern Savo and northern Karelia.
Foreign investment companies meanwhile, have acquired nearly 9,000 hectares of forested lands in eastern Finland, most recently in Pielavesi. More forest property is currently available to investors in Sonkajärvi, Lapinlahti, and Joensuu.
The sale prices are not disclosed, but according to UPM marketing chief Jorma Saarimaa, these are big deals running into millions of euros. (more)
Read the whole story: http://yle.fi/uutiset/finnish_forests_attract_foreign_buyers_-_mostly_germans/7113429
Source: YLE