Castle to be converted into £3.3m luxury living space

The FM Group has secured funding on the conversion of a 19th century Scottish baronial mansion into 10 luxury apartments with the support of Aldermore.

This £3.3 million venture follows other successful developments of residential homes and commercial properties The FM Group has completed throughout the UK and overseas.

Set on the border of the Trossachs National Park and Loch Lomond, the 60-acre development at Dalnair Castle will boast four plots within a walled garden, eight mews properties and a further ten pieces of land. Access to new walking and cycling paths, as well as a tennis court, will be available for residents.

Jonathon Milne, managing director of the Edinburgh-based company, The FM Group, commented: “We spotted the opportunity that Dalnair Castle offered immediately. The next step was then to secure a funding package to enable us to achieve our vision.”

He added: “We were fortunate to have been introduced to the Aldermore team by our real estate partner – they structured a competitive financing deal that will enable us to create a prestigious, high specification development that will offer a unique lifestyle to our customers.”

Simon Knowles, head of property development at Aldermore, described the project as ‘fascinating’, representing Aldermore’s first funding development in Scotland.

“Dalnair Castle is a key landmark in the area and we are pleased to be playing a part in the extensive refurbishment programme,” he said. “Not least because it highlights that there is a financing available for this type of challenge.”

“Supporting businesses that transform historic buildings into something that will be as impressive as the Dalnair residential development is exactly the type of work we pride ourselves on and we look forward to doing many similar projects in the future,” he proclaimed.