The Seventy Ninth Group announced the acquisition of a 17.5-acre site in Drumnadrochit, on the shores of Loch Ness, marking a £15 million investment in Scotland. The project will feature the construction of over 30 luxury lodges, ranging from two to four bedrooms, over the next year.
Jake Webster, managing director of The Seventy Ninth Group, described the acquisition as a key step in the company’s growth. He stated: “The Scottish Highlands, and Loch Ness in particular, 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 aligns with The Seventy Ninth Group’s strategy to expand its portfolio of high-end properties in sought-after locations. The purchase leverages funding from the Webster family, founders of The Seventy Ninth Group, alongside the company’s established financing division.
The Seventy Ninth Group’s approach focuses on transforming under-valued assets into premium properties positioned for long-term returns. The strategy reflects the company’s commitment to sustainable growth and delivering value to stakeholders.
According to a press release, the Scottish Highlands attract more than two million visitors annually, contributing £760 million to the local economy. The development aims to capitalize on this demand, enhancing the region’s appeal as a destination.
Drumnadrochit, known for its proximity to the famous Loch Ness, is a popular tourist destination with significant cultural and historical value.
For more information about The Seventy Ninth Group, visit their website here.
