The INVL Sustainable Timberland and Farmland Fund II (STAFF II), which invests in forest and land in the Baltic Sea region and across Central and Eastern Europe, has completed a transaction to acquire 744 hectares of land in Latvia through its subsidiary Zemvalde Agro SIA.
“As foreseen in the fund’s strategy, we are continuing to actively pursue successful acquisitions of top-quality agricultural land and forest in the Baltic countries. This is one of the fund’s biggest transactions this year and fits our objectives. With the deal completed, we will soon start working with local farmers and promoting the development of sustainable farming activities in Latvia,” said Martynas Samulionis, STAFF II’s Managing Partner.
Importantly, the STAFF II fund has an unlimited duration, which lets it hold acquired assets for a very long time. That is an attractive choice for those involved in agribusiness in the Baltics, allowing them to free up capital by transferring land to a long-term investor.
The fund is investing in the Baltic countries and plans to later expand its existing portfolio in countries of Central and Eastern Europe that belong to the European Union, which offer an attractive investment return and a stable regulatory environment. There is a strong focus on the sustainable management of forests and farmland in terms of not just nature preservation but also social responsibility. The fund bases its activities on sustainable forestry standards and promotes the implementation of sustainable farming principles on agricultural land.
The fund operates under the laws of the Grand Duchy of Luxembourg and invests in individual countries in keeping with the regulatory restrictions set by those countries.
About the INVL Sustainable Timberland and Farmland Fund II (STAFF II)
Launched in the second half of 2020, STAFF II is administered by the Apex Group, one of Europe’s largest providers of fund services. The fund invests in sustainably managed forests and agricultural land in the Baltic Sea region and Central and Eastern Europe. It is intended for institutional and private investors from EU countries.