Sector Focus: UK Forestry | 37
SUMMARY
■The FMR was produced by Tilhill and Goldcrest Land & Forestry
■It was launched in November in London and Edinburgh
■Some £195m-worth of UK forestry assets changed hands in 2022
■The total land planted in the UK rose by 4%
ALL IN THE REPORT
The UK Forest Market Report reveals a sector that continues to be ripe for investment. Sally Spencer reports
We may be living in uncertain times and global markets have taken hit after hit, but the forestry sector is revealing some welcome stability, with commercial forestry values increasing by at least 15% in the past year. That’s the conclusion of the UK Forest
Market Report (FMR) 2022, jointly produced by Tilhill, the UK’s leading woodland creation, forest management and timber harvesting company (and part of the BSW Group) and specialist forestry firm Goldcrest Land & Forestry Group. The FMR is widely regarded as the most comprehensive view of the market and of forestry transactions.
The report was launched at the WWT London Wetland Centre (from where it was also livestreamed) and at The Signet Library in Edinburgh on two consecutive days in November and, as well as the headline figures, speakers revealed how investors aiming for net zero through timber assets are influencing commercial forestry values.
The launch event also noted that land available for natural capital projects, including native afforestation, peatland restoration and rewilding has trebled over the past year.
Top: Tilhill’s Xander Mahony presented the headline figures Above: Fenning Welstead is a founding partner of Goldcrest Land & Forestry Group
“The wider benefits of trees and woodlands to our society, along with the other nature- based solutions are now at the forefront of the fight against climate change and, as such, are being increasingly recognised,” said Gavin Adkins, Tilhill managing director, in his opening address. Xander Mahoney, Tilhill’s head of forestry investment, provided the aforementioned headline figures at the launch event. Some £195m-worth of UK forestry assets were observed changing hands in 2022. This was actually 3% lower than in 2021 and in fact the area traded in 2022 – 6,900ha – was down 33% and was the smallest area ►
www.ttjonline.com | January/February 2023 | TTJ
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