United Bankers’ fund UB Metsä sold land to Google in Vaala
United Bankers’ special investment fund UB Metsä, which invests in Finnish forest estates, has sold a total of 327 hectares of land to the technology company Google. The transaction is part of a larger arrangement in which Google acquired a total of approximately 900 hectares of land from the municipality of Vaala for the construction of a potential data center.
In late December 2025, United Bankers announced a project by its UB Renewable Energy (UB Uusiutuva Energia) fund, in which the fund stated it is developing energy parks in the Paatinkangas area of Vaala and the Metsä-Juntula area of Hyrynsalmi. These areas are planned for hybrid production encompassing wind power, solar power, and energy storage, which supports the operation of data centers and balances energy loads on the grid.