NEWLY appointed partner at land consultancy Galbraith, Athole McKillop, has been appointed as head of forestry.

Mr McKillop is a previous chairman and remains a board member of Confor, with a wealth of forestry and rural land management experience across Scotland and Northern England.

Galbraith chairman Iain Russell said: “This new appointment brings an exciting new energy to our forestry offering in Scotland and Northern England and will expand Galbraith’s range of services across the sector. Athole is vastly experienced, with an established track record in securing forestry investment opportunities in what is presently a very strong market. He takes over leadership of an effective forestry team with geographical scope and a breadth of knowledge in woodland and forest property sales, valuations, forestry project co-ordination, renewables and minerals.”

Mr McKillop said: “Galbraith has one of the largest forestry teams of any land agent in Scotland and northern England. The forestry market remains buoyant with traditional investors remaining active but with new entrants joining the market in a number of different areas of the UK and for a variety of forestry projects. Although there has been recent downward movement, timber prices remain firm, partly due to the weak pound and underpinned by strong global demand for timber products coupled with a relative shortage of supply. Grants and positive tax treatment for existing woodlands managed commercially make forestry investment an interesting option.

“Those seeking to purchase land suitable for planting or existing woodlands should undertake a detailed assessment of the potential income and expenditure over the lifetime of the investment to ensure they meet financial and taxation objectives. We are well-placed to advise existing clients, or new entrants to the market, as to the opportunities available.”