A collection of prime forestry valued at more than £11million has come on the market.
The Stellar Forestry Portfolio features 10 forests which are spread across Scotland, collectively extend to 3,897 acres.
They include the 635-acre Sleepieshill Forest, near Mosstodloch in Moray, and the 580-acre Ord Hill Forest at Muir of Ord.
According to sellers, John Clegg & Co, the broad geographical spread allows access to a wide variety of established timber markets throughout Scotland and south of the border. The company says the diversity in age and species makes the portfolio an attractive commercial proposition.
John Clegg & Co partner, Jon Lambert, said he expected considerable interest from both sides of the border and from overseas as demand for forestry currently outstrips supply.
He said the commercial forestry market had been extremely competitive and robust over the last ten years.
“Capital appreciation has continued year on year and the asset class remains a highly sought-after opportunity by a number of investors, forestry and investment funds as well as end users including sawmills, proessors and the biomass market,” he said.
“Timber prices increased in the last quarter of 2016 and the first quarter of 2017, partly as a result of the devaluation of Sterling in the wake of the Brexit vote and partly due to the strengthening of the construction industry and the demand for home grown timber supplies.”