Asset management company The Seventy Ninth Group – which already has luxury leisure and holiday parks in its portfolio – has now snapped up a £15m project – and it could be a monster.

It’s a 17.5-acre site in Drumnadrochit, on the shores of Loch Ness. 

The purchase signals the start of an extensive development programme, including the development and construction of over 30 luxury two-, three- and four-bedroom lodges over the next 12 months.

The Scottish Highlands receive over 2m visitors each year, with tourism in the area contributing more than £750m to the Scottish economy.  

The company says this purchase aligns with its mission to grow its luxury portfolio and capitalise on the increasing demand for high-end property in sought after destinations. 

Jake Webster, managing director of The Seventy Ninth Group, says: “The Scottish Highlands, and Loch Ness in particularly, 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 is financed through a strategic combination of investment from The Seventy Ninth Group’s founding family, the Websters, alongside the company’s established financing arm.