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.”