Company's collapse calls future of 'new town' into question |
Doubts have been raised over the future of the £800m "new town" of Countesswells, near Aberdeen, after the firm responsible for managing the development called in administrators. Countesswell Development Limited, wholly owned by Stewart Milne, blamed disruption due to the oil and gas downturn, along with the pandemic, for the decision. While existing projects are not expected to be at risk, with parcels of land having already been sold to other housebuilders, only around 900 of a planned 3,000 homes have been completed or are under construction, raising doubts over the future of the project. |
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