Germany-based asset management partner MEAG, on behalf of its clients, has acquired more than 60,000 hectares (148,263 acres) of pine dominated forests for a middle triple-digit million U.S. dollar figure in the U.S. South stretching from Oklahoma to North Carolina in an off-market transaction.
The total area corresponds roughly to the area of the island of Ibiza. The investment is part of a targeted strategy to increase the long-term exposure of MEAG’s clients to forestry in the United States. By focusing on professionally managed large-scale investments in selected regions, MEAG is able to provide its clients with a specific access to opportunities with attractive return outlooks.
In addition to generating attractive returns, sustainably managed forests have the potential to deliver significant positive impacts on different ESG aspects.
Holger Kerzel, managing director of MEAG, said, “Our fundamental strategy in forestry is to buy and hold long-term high-q
