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Buccleuch, the rural land use and property business, has announced that a historic community buy-out at Newcastleton in the Scottish Borders has been completed successfully.
Newcastleton and District Community Trust concluded their purchase of 750 acres of land, known as Holm Hill, from Buccleuch’s Borders Estate.
Buccleuch said it was delighted that NDCT have been able to complete this purchase and, as a community, are able develop their plans for the area.
Benny Higgins, Executive Chairman of Buccleuch, said: “This is a very significant community buy-out and demonstrates what can be achieved through people working shoulder to shoulder in order to turn hopes and dreams into reality.
“We are delighted to have worked alongside the Newcastleton and District Community Trust, whose passion and commitment is tremendous.
“We heartily congratulate the Trust team who spared no effort in ensuring the transfer of this land has been completed as quickly and smoothly as possible. We look forward to watching their plans come to fruition.”
Buccleuch has been reducing the footprint of its landholdings in the last decade and has sold approximately 30,000 acres of land in this period to farmers and community organisations. Buccleuch has reinvested revenue from land sales in a variety of business projects across the farming, forestry, renewable energy and leisure and hospitality sectors.
Buccleuch is currently in dialogue with two further community groups at Wanlockhead and Langholm over their community buyout proposals.
News of NCDT’s intention to mount a buy-out was first broken by Media House International in June in a media blitz highlighting the company’s rural affairs public relations expertise.