International Forestry Fund acquires forestland in Scotland
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Helvetia Wealth AG / International Forestry Fund acquires forestland in Scotland processed and transmitted by Hugin AS. The issuer is solely responsible for the content of this announcement.
Scottish forestry strategically important for International Investors
Press Release, Helvetia Wealth AG,Zurich/Dublin: March 31, 2010
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
sum of the investment was not disclosed.
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. The Fund is also committed to the principles of ethical
forestry certification especially for its' tropical hardwoods.
The International Forestry Fund, created in March 2009, benefits from many years
experience and the successful track record of IFS which manages in excess of
?100 million of forestry assets on behalf of individual and corporate clients in
Ireland. "Indeed it is that success which led to Bertie Ahern, the former Prime
Minister of Ireland, agreeing to becoming Chairman of the International Forestry
Fund earlier this year" said Paul Brosnan who co-founded IFS in 1997 and is a
Director of the International Forestry Fund. "The Scottish Executive's ongoing
commitment to forestry was a key influencer in the Fund's decision to invest."
The Scottish Executive has a target of 50% of all Scotland's electricity being
produced from renewable resources by 2020.
The International Forestry Fund provides access to globally diversified
sustainable forestry for institutional and individual investors. The Fund is
also available to self-invested personal pensions in the UK via a Unit Trust
structure. Investors can take advantage from this asset class with its unique
benefits of low correlation with equities and bonds and an excellent hedge
against inflation.
About Helvetia Wealth AG:
Helvetia Wealth is the fastest growing financial services brand in Europe and
its core business is private banking and asset management. Working with top tier
banking partners it uses an open architecture model and sits at the centre of
this exclusive network. It provides investment allocation strategies across all
asset classes for its sophisticated private and institutional client base.
Helvetia Wealth head office is in Zurich and the Company has offices in Berlin,
Dublin, Glasgow, Hamburg, Kilkenny, Liechtenstein, Mauritius and London.
www.helvetia-wealth.com
Press Officer:
Marta Falconi
Tel. +41 78 770 2480
marta.falconi(at)shepard-fox.com
The press release can be downloaded from the following link:
[HUG#1399525]
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Helvetia Wealth AG
Feldeggstrasse 55 Zurich Switzerland
Press release (PDF): http://hugin.info/142427/R/1399525/355022.pdf
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Datum: 31.03.2010 - 02:31 Uhr
Sprache: Deutsch
News-ID 1012287
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