Dublin, March 31, 2010: International Forestry Fund acquires forestland in Scotland – Scottish forestry strategically important for international investors
The International Forestry Fund – a joint venture between Dublin based I.F.S. Asset Managers Ltd (IFS) and the Swiss asset management firm Helvetia Wealth AG – today announced its entry into the Scottish forestry market with a strategically important forestland acquisition in Falkirk, Stirlingshire. The purchase of the Rashiehill and Shielknowes Forest in Falkirk represents an important step for the Fund as it is its first UK acquisition and helps further diversify its global portfolio. The Fund’s portfolio includes a diversified range of species of differing ages from predominantly Sitka spruce forests in the UK and Ireland to sustainably managed tropical hardwood timbers such as teak, mahogany, and rosewood in Central America. – Shepard Fox Communications was in charge of announcing the purchase to the financial communities in the UK, Ireland, Switzerland and Germany, which included a media release, Q&A and interviews.