Mega plan for Scottish highlands is dumped

Grant Prior 14 years ago
Share

The consortium behind an £80m plan to redevelop Fort William’s waterfront have pulled out of the project.

Developer Fort William Waterfront Ltd confirmed it was abandoning the scheme because it was “not capable of being funded in today’s market.”

The project planned to transform Fort William town centre by building 300 houses, a 60,000sq ft supermarket, offices, new library and leisure facilities on the 92-acre site.

Fort William Waterfront Ltd was made up of Tulloch Ltd, James Keiller Estates Ltd, Uplands Developments Ltd and Finlay Finlayson of the Crannog Concept.

A consortium spokesman said: “It is with reluctance that we withdraw from the development. The consortium has put in a great deal of time, work and expense to progressing the project which we felt was imaginative and beneficial to the town and wider area.

“However, our timing was not ideal because the global economic situation has changed and it is clear from our inquiries that the scheme is not capable of being funded in today’s market.”

Highland Council said it would continue to investigate how to maximise the potential of the waterfront.

Councillor Michael Foxley, leader of the council’s administration, said: “Looking to the future, our ownership of the seabed means that when economic conditions change and if the right scheme comes along, we remain in a position to secure the best result for Fort William town itself.”

Latest news

Willmott Dixon exits stage left from Essex theatre contract

Contract re-tendering shines spotlight on growing schism between contractors and clients
4 hours ago

Purpose build student schemes to surge again

Unite assembles record £1.3bn pipeline as fall in HMO supply boosts PBSA sector
3 hours ago

Bidding starts for £1.4bn Midlands Rail Hub Alliance

Alliance will deliver upgrades to rail lines and stations around Birmingham and nearby towns
4 hours ago

Brickability sounds warning over materials demand

Distributor sees lower sales lasting for longer before house building recovers
3 hours ago

English Cities Fund raises extra £200m for work pipeline

Muse, Homes England, L&G partnership to double in size
4 hours ago

Go-ahead for 64 homes at former Glasgow Coliseum theatre

Robertson-owned developer Urban Union to build four housing blocks at site
3 hours ago

Competition probe launched into 8 major house builders

Cartel watchdog says volume house builders may have exchanged competitively sensitive information
1 day ago

Cement-free concrete firm falls into administration

DB Group also owned Pudlo waterproofing products
1 day ago

Everton Stadium now structurally complete

Laing O'Rourke lifts final concrete terrace section into place
1 day ago

HS2 launches third London Northolt tunnel TBM

1,700 tonne machine begins 3.4mile dig under the capital
1 day ago

Willmott Dixon set for Manchester science park job

Contractor understood to be in final stages of talks to land £75m Greenheys building
4 days ago

Transport jobs get £4.7bn of cancelled HS2 cash

Government details funding for North and Midlands from 2025
1 day ago

Stewart Milne went down owing supply chain £153m

So far 1,375 firms have come forward with unpaid bills
5 days ago

Didcot disaster investigation enters its ninth year

Still no answers for families of quartet killed in demolition collapse
4 days ago

Mount Anvil wins £275m Westminster estate renewal

First phase of Church Street area regeneration will deliver 400 new homes and a library
5 days ago

Trio of A47 road upgrades to go-ahead as legal challenge fails

20-month delay adds tens of millions to dualling costs
4 days ago

Skanska and Morgan Sindall win £277m duo of Cambridge jobs

Railpen awards £200m Botanic Place and £77m Devonshire Gardens office jobs
5 days ago

Offsite specialist Merit sees profits grow

Contractor sees further growth in turnover and profits
4 days ago

Morgan Sindall delivers another record year of profit

Revenue tops £4bn as pre-tax profit soars 70% to £144m
5 days ago

Galliford Try nets two pipelines and road job worth £98m

Firm wins £64m of Thames Water pipelines and Halifax road improvements
4 days ago

HS2 viaduct blunder over wonky concrete segments

Align JV now drilling out concrete joint as part of week-long remedial work
6 days ago

City of London hots up as 9m sq ft under construction

Investors return to City as "10 Cheesgraters" of floorspace under construction
6 days ago

Four arrested in £140m property fraud probe

Serious Fraud Office investigating collapse of property developer Signature Group
6 days ago

McLaren gets green light for 31-storey student tower

Revamp of historic Birmingham site will provide 759 student beds and 189 apartments
5 days ago

BT Tower to become hotel

New owner MCR Hotels to transform iconic building
5 days ago

Plans in for first phase of £1.7bn ID Manchester

Plan to reinvent 1960s Renold Building as a new innovation hub
5 days ago

London £3bn housing framework out to tender

SMEs allocated slots on London Construction Programme housing framework refresh
6 days ago

BAM wins first major RAAC school rebuild

Contractor seals £46m deal for St Leonards school in Durham
6 days ago

Failed strip out specialist owes £1.5m to supply chain

More than 100 subcontractors and suppliers left with unpaid bills by Type Ten Limited
6 days ago

Councils to turn screw on building owners over fire safety upgrades

Government tells councils to step up legal action against rogue building owners
6 days ago

Contractor services