IKEA’s parent company buys forestland in Finland, Estonia and Latvia

Ingka Investments, the investment arm of Ingka Group, the parent company IKEA retailer, announced it has acquired 23,883 hectares (19,276 hectares of forestland) in Finland, Estonia and Latvia. The properties in Finland comprise a total of about 8,600 hectares (8,000 hectares of forestland), and are located in North Savo and the North Karelia regions. The Estonian (total of 9,500 hectares, out of which 6,300 hectares is forestland) and Latvian (5,800 hectares, out of which 4,900 hectares is forestland) properties are spread across the two countries. The forests have a mix of ...