The partners behind Castle Stuart Golf Links have held talks with several potential new investors as they aim to realise its ‘long-term development vision’.
The venue, near Inverness, which is hosting the Scottish Open for the fourth time in six years this summer, has ambitious plans to create a major resort, including a second championship course, two hotels, a spa and leisure facility. It is also proposed to build a par-3 course and refurbish the 17th century castle that gives the site its name.
The existing partners believe this is the optimum time to move to the next phase of Castle Stuart’s planning-approved masterplan, given that Inverness – one of the fastest-growing cities in Europe over the last decade is about to benefit from a range of development projects.
Grant Sword, a Castle Stuart managing partner, said: “For some time we have been on the look-out for other investment to allow us to move to the next stage and fulfil our vision.
“This has led to us speaking with a number of potential new partners recently. Due to this level of interest, we have asked Christie & Co to examine the demand and also cast the net further to make sure we find the right fit for us; a major new partner who would enjoy the development opportunity, share our vision and help us finish what we’ve started here.”
Sword added: “Our motivation is to move this development forward and eventually complete the vision. With all the other developments happening in this area now, we believe it’s the ideal time to take a major next step.”