True North has begun preparation on land for the largest contiguous commercial forest since the 80’s. The massive level of carbon captured will be sold for credits.
-- True North Real Asset Partners is pleased to announce that they have started to prepare the plot of land that will soon be the location of the largest contiguous commercial forest in England since the 1980’s.
The Greencroft Forest Park in County Durham planting project will see trees planted this winter. Once completed, the project is expected to sequester 70,500 tonnes of carbon and result in biodiversity gains, including the formation of new habitats for local wildlife, and improvements to soil health, water quality and air purity.
Harry Humble, CEO of True North, said: “We are delighted that consent has been granted for the Greencroft Forest Park. It is a historic moment for the county.
“We have invested heavily in understanding the ecology and heritage of the estate and canvassing local opinion. All of this informs the final design that has now been approved.”
Humble said the “massive amount of carbon captured by the project is not being sold for credits” and the project is built on its value as a source of commercial timber to help decarbonise the future of the building industry.
“New productive forests, such as Greencroft, give confidence to companies like ours and reinforce our decision to locate the UK’s most state-of-the-art sawmill in Durham,” he said.
“With the UK government now committed to the timber-in-construction roadmap, which makes increasing the sustainable supply of homegrown timber a priority, we hope to see more projects like Greencroft being approved.”
About True North Real Asset Partners
True North is a real assets investment manager with a focus on environmental impact strategies.
We recognise the opportunity, as well as the responsibility, that comes with the active management of the natural and built environment.
Established in 2019, our founders are global real asset capital markets veterans with experience across the sector.
Our investment solutions are drivers for change; we seek to be innovators with the lateral thinking that an independent management owned business enables.
As one of the largest contributors to global carbon emissions, the real estate industry faces a challenging and dynamic future. We firmly believe those challenges present opportunities.
More information about True North Real Asset Partners can be found on the business website. Alternatively, a representative for the company can be contacted directly using the information provided below.
Contact Info:
Name: True North Real Asset Partners
Email: Send Email
Organization: True North Real Asset Partners
Address: 23-24 Berkeley Square, London, W1J 6HE
Phone: +44 (0)20 7788 7672
Website: https://www.truenorthrealassets.com/
Release ID: 89162759
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