Royal Bank of Scotland gives £1.4m in funding for West Highland estate purchase
RBS has provided a £1.4 million funding package to private landowner Richard Tuxford to aid the purchase of the 9,800-acre East Glenquoich Estate in the West Highlands.
The deal was advised and brokered by Royal Bank of Scotland broker development manager, Steven Darbyshire and Independent Banking Professionals Ltd.
The land purchased is connected to the well-known Tomdoun Estate, already owned by Mr Tuxford, where Scottish novelist and playwright J. M. Barrie is said to have frequented with his children, gathering inspiration for his famous novel, Peter Pan.
The estate has 1,200 acres of woodland including ancient Caledonian pine, deer stalking rights and extensive fishing privileges. By combining both sites, Richard will be able to continue to offer clients high-quality fishing and shooting breaks with premium accommodation and on a significantly larger scale.
The purchase will also create four new jobs for the surrounding community, as well as conservation work which will positively impact the area. In the future, there is permission for the land to be used for renewable energy generation.
Richard Tuxford said: “Prior to purchasing Tomdoun, I had been visiting the area for a number of years on fishing and shooting breaks, which is a huge passion of mine. I have now acquired both of the estates with a clear vision in mind - to provide the best fishing and shooting experience in the area.
“The funding from Royal Bank of Scotland has enabled me to transform my vision into a reality and expand my offering. I’m extremely grateful for the support and excellent service they provided.”
Independent Banking Professionals director, Rod Whitehead, said: “This is a fantastic deal for Richard and we were delighted to work with him and Royal Bank of Scotland to bring it to life.”
Relationship manager at Royal Bank of Scotland, Nick Pigott, added: “Stemming from a passion, Richard has created an excellent experience for fishing and shooting enthusiasts, in a key location with great history. The Estate is an asset to the local community with the creation of jobs and the ability to attract tourists to the area; we wish Richard continued success in the future.”