APG Invests $462M in 70,000-Hectare US Forest for Sustainability
APG Asset Management (APG) has made a significant investment in sustainable forestry, acquiring a majority stake in a 70,000-hectare forest in the southern United States. This transaction, valued at $462 million, is one of the largest timberland deals in the US recently.
The deal, facilitated by Primforest, is part of Dutch pension fund ABP's broader commitment to allocate €11 billion to climate and biodiversity impact investments by 2030. APG's investment will support sustainable forest management practices, which are expected to add nearly 2 million tonnes of standing forest carbon over the next 15 years. This not only contributes to ABP's climate goals but also promotes biodiversity in the region.
APG's acquisition of a majority stake in this vast sustainable forestry asset demonstrates a commitment to responsible investing and environmental stewardship. The deal is a significant step towards ABP's goal of allocating €11 billion to climate and biodiversity impact investments by 2030.
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