Eversheds Ots & Co has advised both buyer Tornator Eesti OU and seller Mestnik on the acquisition by the former of 7,500 hectares of forestland in Estonia from the latter, in what the firm calls "one of the largest forest sale transactions in Estonia, involving a transfer of forest and other land in mainland Estonia and on Saare and Hiiu Islands.”
Tornator Eesti is the Estonian subsidiary of the Finnish forestry company Tornator Oyj. With nearly 50,000 hectares of agricultural and forestry land in Estonia, Tornator is the country's largest private landowner. The company grows forests and sells harvesting rights to local buyers, mainly harvesting companies. In 2014, the Estonian operations generated some EUR 1.8 million in sales.
The Everheds Ots & Co advisory team was lead by Real Estate Partner Randu Riiberg.