Development land is put on the market

LAND previously owned by the developer of a new 3,000-home community in Aberdeen has been put up for sale.

Countesswells Development Ltd, which is owned by the Stewart Milne Group, went into administration last November, blaming the oil and gas downturn and coronavirus pandemic.

More than 700 homes have been built so far.

It had been estimated the development once complete could be worth around £800 million.

Now, 78 acres of residential and commercial land is being marketed for the next stage of the development.

Work started last October on a £17 million primary school and nursery. A number of commercial units have also been built or are under construction.

Shepherd Chartered Surveyors has been appointed to sell the land.