Bulgaria (2007)
20. May 2020
Russia (1997-1998)
20. May 2020

Latvia (2005)

 
Projects

Latvia

2005

Establishment of a large privately-owned forest company in Latvia. FORAN Real Estate SIA owned and managed more than 53,000 hectares of productive forests. 

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. The company is owned by Norwegian, Swedish and Latvian shareholders.

The company’s main objective was to invest in forest and agriculture land, property management and development of forestry and landscape values. FORAN Real Estate aimed to become one of the leading forest management enterprise in the Baltic States. The company owned over 53,000 ha of forest and agriculture land in Latvia. 

The company’s success was 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 were carried out in balance with economic and environmental aspects and sustainable forestry principles. Management activities strongly followed national legislation and forest management planning.

Establishment of a large privately-owned forest company in Latvia. FORAN Real Estate SIA owned and managed more than 53,000 hectares of productive forests. 

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. The company is owned by Norwegian, Swedish and Latvian shareholders.

The company’s main objective was to invest in forest and agriculture land, property management and development of forestry and landscape values. FORAN Real Estate aimed to become one of the leading forest management enterprise in the Baltic States. The company owned over 53,000 ha of forest and agriculture land in Latvia. 

The company’s success was 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 were carried out in balance with economic and environmental aspects and sustainable forestry principles. Management activities strongly followed national legislation and forest management planning.