Asset manager acquires Loch Ness site for lodge development
Asset management company The Seventy Ninth Group has strengthened its portfolio of leisure and holiday parks with the acquisition of a £15 million project in Drumnadrochit on the shores of Loch Ness
The purchase signals the start of an extensive development programme, including the development and construction of over 30 luxury two- three- and four-bedroom lodges over the next 12 months on the 17.5-acre site.
Jake Webster, managing director of The Seventy Ninth Group, said the strategic purchase aligns with the group’s ongoing mission to grow its portfolio and capitalise on the increasing demand for high-end property in sought-after destinations.
He added: “The Scottish Highlands, and Loch Ness in particularly, have long been a top draw for domestic and international tourists seeking stunning natural beauty, rich history, and a quintessential luxury retreat. This acquisition represents an exciting opportunity to establish a premier hospitality offering in one of the UK’s most iconic regions.”
The project is financed through a strategic combination of investment from The Seventy Ninth Group’s founding family, the Websters, alongside the company’s established financing arm.