AXA Investment Managers – Real Assets has purchased two forest estates in Finland, covering 4,695 acres for €7.7m.
The forests have been acquired on behalf of an AXA Insurance Company for from UPM, who will continue to manage the assets.
This transaction brings AXA IM – Real Assets’ total forestry assets under management to c.€110 million, comprising around 20,000 hectares in total.
AXA IM – Real Assets currently manages over €2.7 billion of alternative assets, including healthcare facilities, hotels, data centres and forestry assets, primarily in Europe.
