Aquila Capital invests in Scottish timberland

Aquila Capital invests in Scottish timberland

Leading alternative investment firm Aquila Capital has acquired 3,100 hectares of forest in three locations in Scotland.

The investment marks the first time Aquila has invested in Scottish timberland with forests boasting a mix of sitka spruce, lodgepole pine and other fast-growing coniferous tree species.

Scotland has an attractive woodland market due to a long-term shortage of timber, importing 75% of its requirements.

Nils von Schmidt, fund manager, timber, at Aquila Group, said: “This investment is an ideal addition to our existing timber portfolio.

“It provides institutional investors with access to professionally-managed forests that have established timber production and continuous cash flows while fully complying with strict ethical and sustainability criteria.”

The forests will be managed by Stirling-based Tilhill Forestry Ltd, a leading forestry and harvesting company.

Established more than 60 years ago, Tilhill is a subsidiary of BSW Timbe, which operates throughout the UK and has a turnover in excess of £100m.

Roman Rosslenbroich, CEO and co-founder of Aquila Group, added: “The acquisition in Scotland adds significantly to our existing timber investments in Australia, South America and several European countries, expanding Aquila Capital’s footprint in the forestry sector.”