International real estate advisor Savills acting on behalf of DS Smith, has completed the sale of 870 hectares of FSC (Forest Stewardship Council) certified sustainable forest in Portugal. Spanning the Bragança and Alentejo regions, the forest includes a mix of mid-rotation pine, cork oak, and eucalyptus plantations.
The buyer for the majority, 709 hectares, is Antarr, a Portuguese natural capital and forest preservation enterprise focused on investing in biodiverse and productive landscapes. The remainder was acquired by a timber company.
This transaction marks the first part of a landmark cross-border forestry initiative offering a total of 2,685 hectares of sustainably managed woodland across Portugal and Spain. These forests represent a rare combination of environmental stewardship and commercial forestry, designed to meet both ecological and investment criteria in an evolving market for natural capital and forest preservation efforts.
Jointly managed by Savills Rural teams in the UK, Portugal and Spain, the transaction represents one of the most significant coordinated forest sales in the region.
Jonny Griffiths, Head of International Land, Savills, commented, “We are very proud to have assisted DS Smith in the sale of its Portuguese forests. The seamless collaboration between our teams contributed to the success of this transaction.”
Bruno Amaro, Rural Business Developer, Savills Portugal, said, “This transaction is a defining step in the Portuguese forest investment market. It illustrates the growing interest in forests not just as timber assets, but as vehicles for long-term environmental and financial value. The successful sale in Portugal highlights how institutional and impact-oriented investors are embracing the forest sector, and underscores the strength of collaboration between our teams across borders.”