Stellar completes the sale of its stand-alone forestry funds

Stellar is pleased to announce the completion of the sale of its three forestry funds: The First Stellar Forestry Fund LP, The Second Stellar Forestry LP and The Third Stellar Forestry LP.

 

These funds were launched early in Stellar’s life, at a time of much economic and financial turmoil and their performance has been ahead of expectation.

 

 

The First Stellar Forestry Fund LP

 

The First Stellar Forestry Fund LP was fully invested in seven forests in Scotland, with a combined total of 673.9 hectares owned by the Fund. The forests Ruegill, Laverhay, Dunter Law and Craigallian were 100% owned by the Fund, with Ord Hill, Sleepieshill and Ayton Hill Forest being owned in conjunction with the Second and Third Stellar Forestry Fund LP’s.

 

 

The Second Stellar Forestry LP

 

The Second Stellar Forestry LP had investments in three forests in Scotland with a combined total of 572.3 hectares owned by the Fund. Ballinloan Forest was 100% owned by the Fund with Ord Hill and Sleepies Hill Forest being owned in conjunction with the First Stellar Forestry Fund LP.

 

 

The Third Stellar Forestry LP

 

The Third Stellar Forestry LP had investments in three forests in Scotland with a combined total of 323.5 hectares owned by the Fund. Yellowsike and Venlaw Hill forests were 100% owned by the Fund. Ayton Hill Forest being owned in conjunction with the First Stellar Forestry Fund LP.

 

 

In total 10 forestry assets, equating to 1,577 hectares in total, were sold freehold. The portfolio of forestry assets had been carefully and prudently assembled over the last decade and had reached the end of its lifecycle, making it well positioned to sell in the market place for harvesting.

 

The portfolio was sold for £12.5 million. Our investors were pleased with their final returns, which are wholly free of taxation because of the tax free status of timber income and capital gains exemption on woodlands.

 

We would like to thank our early supporters who have been with us since 2009.

 

New investors can continue to access commercial forestry plantations through our Succession service.

 

 

 

Marketing Manager


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