Cresco capital

Board of Directors

Ole Theut


Ole is a Danish lawyer and has been a partner at NT Advokater in Copenhagen since 2010. Ole has primarily worked with legal disciplines in real estate and commercial law and has built up knowledge and experience in forestry as a board member of a family fund that owns forest in Denmark.

Ole holds positions as chairman and board member of companies involved in construction and real estate in Denmark, and he holds the right to appear before the Danish Supreme Court.

Educational background

Ole holds a Masters degree in Law (LL.M) from the University of Copenhagen.

Mikael Glud

Mikael is Danish and is currently Executive Director of Investment Properties and Capital Markets at CBRE. He has worked with real estate for more than thirty years primarily with commercial real estate in several European countries – including the UK, France, Germany and the Baltics.

Mikael has built up knowledge and experience as a private forest owner in Latvia, France and Denmark and was for eight years head of the corporation Silva Estate A/S, at that time equally owned between Hedeselskabet and Insignia Cederholm, which specializes in sales and valuation of forest properties in Denmark and the Baltics.

Educational background

Mikael has a degree as Chartered Surveyor from Copenhagen Business Academy and is a Chartered Member of MRICS.

Poul Ravnsbæk

Poul is Danish and has worked for the Danish Nature Agency since 1990. Since 2006 he has been a Regional Forest and Nature Manager with responsibility for more than 10,000 ha in Jutland, Denmark. Prior to that, as an office manager for five years he was responsible for trading wood products from Danish state-owned forestry, both domestically and internationally. Poul is also a private forest owner and holds positions as chairman, board member and member of the Advisory Board for limited companies that own forests in Jutland, Denmark.

Poul has worked with all aspects of forestry at the Danish Nature Agency and was previously employed in Forestry Research at Hedeselskabet. As a former forest owner in Latvia, he also has experience with forestry in the Baltics.

Educational background

Poul holds a MSc in forestry from the Royal Veterinary and Agriculture University in Copenhagen and an Executive MBA from SIMI (Scandinavian International Management Institute).  

Cresco capital

Cresco Capital Services provides access to direct investments in forestry with robust returns. Through a close partnership with mutual incentives, we ensure transparency and simplicity when investing in forestry.


Northern Europe

Cresco Capital Services is headquartered in Denmark and has extensive knowledge and experience in forestry in Northern Europe. We focus on investments and management of land and forestry assets in the UK, Ireland, and all three Baltic countries.