The success of forest management towards achieving desired outcomes depends on various factors and can be improved through forest planning based on optimization approaches. Regardless of the owner type (state, private or common land) and/or governance model, the number of owners or management bodies considered in most studies is low, typically involving one owner/management body or a very small group. This study extends the approach of formulating a Forest Management Plan (FMP) to a large forest area, consisting of areas with different management bodies. The FMP model returns the harvest schedule that maximizes the volume of wood harvested during the planning horizon, while ensuring (1) sustainability and environmental constraints at the overall scale and (2) independent revenues for each management body. The FMP is tested in a real forested area, consisting of 22 common lands, governed by local communities for a planning period of 30 years. The results show that our approach is appropriate for several management bodies. When evaluating the impact of grouping areas (and their owner bodies) on the total volume removed, a comparison of the FMP model with an alternative model that allows for independent management (FMP-IND) showed significant differences, in terms of total volume removed at the end of the horizon. Global management leads to a reduction of about 8.6% in the total removed volume; however, it will ensure a heritage of well-diversified stands, in terms of age classes. The results highlight the importance of managing multi-stakeholder forest areas as a whole, instead of being managed independently, if the aim is to assure more sustainable management of forest resources in the mid and long term.