Argyll’s Glen Shira Forest hits market at £29m amid high demand for timber investments

Argyll's Glen Shira Forest hits market at £29m amid high demand for timber investments

Glen Shira Forest

Glen Shira Forest, a 2,200-hectare commercial conifer forest overlooking Loch Fyne in Argyll, has been brought to market for over £29 million.

The size of the property is 1,969 hectares (4,866 acres) and is located north of the A83 across Argyll and Bute. The sale offers a unique opportunity to acquire a large-scale, high-yielding forest with a mixed age structure amid strong demand.

Jon Lambert, partner at Goldcrest Land & Forestry, attributes the competitive market to improving timber prices and continued interest in forestry investments.

Mr Lambert said: “Glen Shira Forest is the largest commercial forest to come to the market in the UK in 2023. It has extensive areas of mature timber ready for felling alongside much younger crops and therefore provides a large age profile that will produce regular income in the years to come.

“The area has a wonderful pedigree for commercial timber production and we are confident that the property will attract significant interest from the marketplace.”

Goldcrest is also marketing other forests this spring, including Inverneill Hill Forest, a 98.29-hectare commercial conifer forest on the Mull of Kintyre peninsula for over £995,000.

Lambert notes that timber prices are firming up, with expectations of improved pricing through spring and summer. Demand for forestry properties remains high, driven by investors seeking fiscal, ESG, and taxation benefits. The market is split between carbon farmers and investors who see timber as a strong future commodity due to the UK’s import needs and a global timber shortage.

Mr Lambert added: “There are two distinct elements to the market: the carbon farmer who is looking for opportunities to create carbon credits through additionality where agricultural land is converted to native broadleaves and the investor who sees timber as a strong commodity in the future, recognising the timber import requirements of the UK and general global shortage of timber.

“As such, it is a buoyant market and I expect significant interest in the wide variety of forestry properties we are launching this spring.”

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