News Formal

‘Where does Coillte deal stand?’: UK firm buying up Irish forests taken over by US investment company

  • 📰 businessposthq
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 71%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

Gresham House, which generated controversy with plans to buy up to €200 million of Irish farmland, has now been taken over by Searchlight Capital Partners

The British company which is planning to buy up to €200 million of Irish forestry land has been taken over by a US investment firm.

Gresham House, a London-based investment fund, agreed a deal last January with Coillte, the state forestry agency, to buy 30,000 acres of forestry land. Coillte has agreed to source the land, plant trees on it and manage the forests in return for a management fee. The deal generated a political backlash, with farmers alarmed that the arrival of Gresham House into the Irish market will drive up prices for agricultural and forestry land. It is the largest forestry investment manager in Britain.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 8. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

‘Where does Coillte deal stand now?’: UK firm buying up Irish forests taken over by US investment companyGresham House, which generated controversy with plans to buy up to €200 million of Irish farmland, has now been taken over by Searchlight Capital Partners
Source: businessposthq - 🏆 8. / 71 Read more »