A LANDMARK development at an historic estate once home to former Prime Minister William Gladstone will restore existing historic properties whilst also creating almost 300 north-east jobs after being granted approval.
Fasque House Properties was today handed planning permission from Aberdeenshire Council more than 18 months after first submitting an initial proposal.
The £55 million development will feature 115 new homes along with several commercial enterprises on the prestigious Fasque House Estate in Fettercairn.
The first phase of the development is expected to begin in spring 2013 with the project timescale estimated at between seven and 10 years.
Economic experts have predicted at least 275 jobs will be created through construction and other associated spin-offs.
Fasque House Properties managing director Douglas Dick-Reid is the driving force behind the development and is looking forward to seeing his vision become a reality.
Fasque House Properties purchased Fasque House and the surrounding 320 acre estate, which once belonged to the family of 19th century Prime Minister William Gladstone, in July 2010.
The new development will see the construction of sympathetic new-build houses, steading and stable block conversions to create holiday lets along with a visitor centre, farm shop and cafe.
Revenue generated from the project will not only be ploughed back into the continued project at the A-listed Fasque House but also the property’s further 19 buildings and structures, many of which are on the Buildings at Risk Register.