Countesswells new town firm in administration
Thousands of homes are planned
A company overseeing the growth of a new town to the west of Aberdeen has fallen into administration.
Countesswells Development, a wholly-owned subsidiary of Stewart Milne Group, is behind the £800 million Countesswells community.
Ultimately intended to provide 3,100 homes over 400 acres, Countesswells is an emerging community of private residential developments, affordable homes, schools, retail, commercial and leisure facilities.
About 900 affordable and private properties and several commercial properties and community facilities have been built or are under construction by a variety of residential, commercial and public sector operators who are developing the sites in line with the master plan.
Work began only last week on the £17 million Countesswells School and Nursery.