APG Acquires $462M US Forestry Asset for Sustainability
APG Asset Management (APG) has made a significant move in the sustainable investment sphere, acquiring a majority stake in a vast, 70,000-hectare forest asset in the southern United States. Valued at $462 million, this transaction is one of the largest timberland deals in the US recently.
The acquisition, which aligns with APG's client ABP's commitment to invest €11 billion in climate and biodiversity impact investments by 2030, is expected to bring substantial environmental benefits. Over the next 15 years, the forest asset is projected to add nearly 2 million tonnes of standing forest carbon.
Chris Martin, the portfolio manager in the Americas Private Natural Capital division at APG, played a key role in this sustainable forest investment.
APG's acquisition of the 70,000-hectare forest asset not only expands its portfolio but also contributes to its clients' sustainability goals. The deal, one of the largest in the US, is set to have a positive impact on the environment through increased carbon dioxide sequestration.
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