New fund looking for 15,000ha of Irish forestry

Direct land acquisition, lease contracts, afforestation, and other forms of land management will be financed from a new fund to develop a portfolio of up to 15,000 hectares of forests, owned by some of Ireland’s estimated 19,500 private owners of small forests.

The investors in the fund are the European Investment Bank (EIB), Ireland Strategic Investment Fund (ISIF), and Dasos, a specialist forestry investment fund based in Finland.

Dasos will inject €112m, with €55m from the ISIF, and a further €28.5m from the EIB.