The scramble for forests in Europe is no longer confined to timber companies. Furniture retailers, investment funds and institutional investors are moving into the market at speed, buying land on a scale that would have been unusual only a few years ago. The latest example comes from the Baltics, where IKEA’s parent group has quietly assembled one of the region’s largest forest holdings. €720m. 153,000 hectares. One buyer. One week. Ingka Investments, the investment arm of the IKEA group, has completed the purchase of roughly 153,000 hectares of forestland from ...
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