Danish investors buy Adirondack land
Associated Press, Forbes.com, 03.30.09, [here]
The Nature Conservancy says it’s selling 92,000 acres of Adirondack forest land to a Danish pension fund committed to environmentally responsible forestry.
The land sold Monday to Danish pension fund ATP for $32.8 million is part of 161,000 acres the conservancy bought in 2007 from Finch Paper. RMK Timberland (nyse: TBL - news - people) Group of Atlanta will manage the land bought by ATP.
The Nature Conservancy says the land will continue to be used for forestry, recreational leasing, hunting, snowmobiling, hiking, fishing and other activities.
It’s protected by a strict conservation easement. The state’s purchase of development rights is pending.