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%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

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.

Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 8. in SE
 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

‘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
Källa: businessposthq - 🏆 8. / 71 Läs mer »