Three forests acquired over quarter of a century and an associated wind farm have gone on the open market for £130m.
The neighbouring forests, located in the Tay Valley, have a combined total of 5630 ha and the sale will be split into two lots.
The first lot, which is on sale for offers of more than £105m, comprises Griffin Forest, Ballinloan A Forest and the Griffin Wind Farm. The combined area of 4399 ha is predominantly spruce, with other conifers including areas of larch, pine and fir planted for species diversity.
There is also a small area of veteran Scots pine around Loch Kennard, which dates from pre-1860.
The forest also includes an extensive area of open land with communities of rich alpine-artic flora and other critical habitats. Within the open area, lochs have a total of 45 ha of open water.
Operational since 2012, Griffin Wind Farm has 39 turbines, each with a rated capacity of 2.3mW. The sellers say it provides buyers with a complementary diversified revenue stream as the current term of the wind farm lease extends to 2037.
The second lot is Moness Forest and offers of more than £25m are invited for its 1389 ha which is mostly Sitka spruce and some other conifers. The majority of the current timber crop was planted in the 1980s.
The complex as a whole dominates the hillside south of Aberfeldy in the Tay Valley in central Perthshire. The sellers point to the sites proximity to local timber markets in Dunkeld and Stirling, along with ready access to the A9 for major national markets.
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Perthshire has more than 80,000 ha of woodland and forests and is known as ‘big tree country’, containing some of the most spectacular stands of both hard and softwood tree species in Scotland.
James Adamson, Savills' head of forestry investment, said: “Forestry is an exciting and established investment asset class and one of the few that offers proven financial returns with true sustainability credentials.
“Opportunities of this scale are rare in the UK market and, coupled with the complementary income from the wind farm, the assets provide an excellent long-term home for capital, with strong income generating potential.”
Savills added that the forest assets at Griffin and Moness delivered a measurable contribution towards climate change mitigation and to improve biodiversity, with an estimated 2m tonnes of stored carbon in around 5m trees, 1800 ha of open space and a wide range of species and habitats.
The firm also highlights the scale of the site also provides potential opportunities in non-forestry related land use, such as rejuvenating native woodland, creating woodland scrub habitats, improving modified peatland, species recovery, recreation and tourism and general biodiversity enhancement.
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