The Press and Journal (Inverness, Highlands, and Islands)
Nostrovia tomy £25m estate
A Highland sporting estate has been bought by a Russian vodka billionaire in one of the most expensive deals in the Scottish market.
The Tulchan Estate, which had been owned by the Litchfield family, had an asking price of more than £25million.
It has been sold to acompany owned by Yur i Schefler, who according to Forbes is worth £1.34billion – and who plans more investment into the Strathspey estate.
The estate's famous fishing guests have included King Edward VII, King
“Famous fishing guests have included King Edward VII and King George V”
George V, King George VI, ex- president Theodore Roosevelt, the railway financier WilliamVanderbilt and King Leopold of Belgium.
Mr Shefler, who has also been a regular guest at Tulchan, owns S.P.I. Group, which produces and sells alcohol under 380 brands in 160 countries.
According to Forbes the company is registered in Luxembourg but its main factories are in Latvia.
Its best known brand is Stolichnaya vodka, which Mr Shefler controversially bought from state-owned VVO Soyuzplodoimport in 1997, in a contentious deal that became the subject of legal action.
Savills handled the sale of the prestigious Tulchan estate, which comprises over 21,000 acres by Advie near Cromdale in Strathspey.
The average price of an estate is under £5million, although Kinpurnie estate on Tayside was sold in separate lots last year with a huge total ticket price of £29million.
A spokeswoman for Sav il l s would not reveal the purc h a s e price, but confirmed: “It is one of the most expensive properties ever to be sold on the open market in Scotland.” A spokesman fo r Tu lc h a n Sporting Estates con- firmed that 100% of the shares have been transferred.
He said: “The company (which was established over 23 years ago) has been bought by a company for the principal benefit of Mr Yuri Schefler ofRussia, who is well known to the estate having been a regular visitor in the past.
“It is understood that the new owner of TSEL will continue to operate the estate as a business along similar lines as the Litchfield family and plans to make additional investment and innovation in the business. This was an important factor to the sellers, as the estate makes a valuable contribution to the local economy employing 20 full time and a further 20 seasonal staff.”
The package includes eight miles of prized Spey fishing, an “exceptional" pheasant shoot, two driven grouse moors and an Edwardian shooting lodge that sleeps 26.