Latvia

Bulgaria
23. August 2017
Norway
23. August 2017

Latvia

 
Projects

Latvia

Establishment of a large private owned forest company in Latvia.

FORAN Real Estate SIA was established in 2005 to act as an environmentally friendly, financially sustainable and socially responsible forest management enterprise in the Baltic States. Mr. Arne Rørå, the Managing Director of NORSKOG, has been the chairman of the board from the start and to date. The company is owned by Norwegian, Swedish and Latvian shareholders.

The company’s main objective is to invest in forest and agriculture land, property management and development of forestry and landscape values. FORAN Real Estate aims to become one of the leading forest management enterprise in the Baltic States. The company owns 53.000 ha of forest and agriculture land in Latvia. The land acquirement is financed by several emissions in the financial market and income from management of the company’s forests.

The company’s success is based on local forestry and real-estate market knowledge, in combination with international knowledge of the timber market, company management knowledge, long term forest management experience and knowledge of financial markets.

The forestry activities are carried out in balance with economic and environmental aspects and sustainable forestry principles. Management activities strongly follow national legislation and forest management planning.

FORAN Real Estate SIA was established in 2005 to act as an environmentally friendly, financially sustainable and socially responsible forest management enterprise in the Baltic States. Mr. Arne Rørå, the Managing Director of NORSKOG, has been the chairman of the board from the start and to date. The company is owned by Norwegian, Swedish and Latvian shareholders.

The company’s main objective is to invest in forest and agriculture land, property management and development of forestry and landscape values. FORAN Real Estate aims to become one of the leading forest management enterprise in the Baltic States. The company owns 53.000 ha of forest and agriculture land in Latvia. The land acquirement is financed by several emissions in the financial market and income from management of the company’s forests.

The company’s success is based on local forestry and real-estate market knowledge, in combination with international knowledge of the timber market, company management knowledge, long term forest management experience and knowledge of financial markets.

The forestry activities are carried out in balance with economic and environmental aspects and sustainable forestry principles. Management activities strongly follow national legislation and forest management planning.