Portland Trust announces a 50 ha land sale in Moara Vlăsiei to FallCreek

by   CIJ News iDesk III
2024-06-03   09:22
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Portland Trust announced the sale of a 50-hectare land parcel in Moara Vlasiei to FallCreek, a blueberry nursery stock provider. This transaction marks a significant milestone in FallCreek’s expansion within the European market as well as a new milestone in Portland’s Trust diversification portfolio strategy to reach new segments.

The acquired land will be the site of FallCreek’s new state-of-the-art blueberry nursery, poised to become a central hub for innovation in blueberry stock production. This strategic move will bolster FallCreek’s supply chain capabilities, ensuring the provision of high-quality blueberry plants to growers throughout Europe.

“We are thrilled to partner with FallCreek on this venture,” said Florin Furdui, Country Manager Portland Trust Romania. “Their reputation for quality and innovation aligns with our vision for sustainable development. The site sits on huge water reservoirs necessary for plant production. This sale is not just a transaction; it’s a step forward for the agricultural industry and the local economy and demonstrates once more Portland’s Trust capacity to grasp onto new opportunities.”

“The acquisition of this land in Moara Vlasiei is a key part of our growth strategy. We are excited to bring our expertise to Europe and contribute to the region’s agricultural landscape, considering the potential that Romania has in this particular segment. We are glad that Portland Trust has shared our vision, said Burgert van Dyk, EMEA Regional Director for FallCreek

The two companies share a common vision of developing a nursery that will bring a new model of sustainable agriculture and a new business model to the local community. Portland Trust will manage the development of the infrastructure needed for the nursery.

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