By Ian McConnell
A NEW Highland town, which Moray Estates has been building since 2018, has laid the final brick on its 250th home as it enters the second phase of development.
Moray Estates has secured £2 million of funding from Bank of Scotland as it proceeds with the development of Tornagrain, which is located near Inverness.
The new town is “designed to help with demand for housing in the Highlands where population growth and the increasing popularity of short-term lettings for tourists has made it difficult for locals to buy homes”, Bank of Scotland noted.
The first 250 homes are now complete and the build of the next 500 - a mixture of one and twobedroom flats, and two, three and four bedroom houses is under way. Affordable housing will make up 30% of the next phase of development.
Andrew Howard, managing director of Moray Estates, said: “As a business, we can trace our relationship with Bank of Scotland back to 1695. We’re hugely thankful for the ongoing support we’ve had as it’s played an integral part in the creation of this new Highland town.
“Tornagrain is designed around fostering community. The emerging town already has a grocery store, pharmacy, nursery, allotments and other community amenities which will be shortly joined by a new café. We’re now really excited about this next phase of the building and look forward to welcoming more people to their new homes.”
Michael Thomson, relationship director at Bank of Scotland, said: “Moray Estates is one of our first customers so it’s hugely rewarding to be able to support the business continue to thrive in the housing sector. Creating new places to live and work is essential to the Highland community where demand continues to rise for all types of homes.
“[We] look forward to seeing the next phase of Tornagrain welcome new people to the area.”
Why are you making commenting on The Herald only available to subscribers?
It should have been a safe space for informed debate, somewhere for readers to discuss issues around the biggest stories of the day, but all too often the below the line comments on most websites have become bogged down by off-topic discussions and abuse.
heraldscotland.com is tackling this problem by allowing only subscribers to comment.
We are doing this to improve the experience for our loyal readers and we believe it will reduce the ability of trolls and troublemakers, who occasionally find their way onto our site, to abuse our journalists and readers. We also hope it will help the comments section fulfil its promise as a part of Scotland's conversation with itself.
We are lucky at The Herald. We are read by an informed, educated readership who can add their knowledge and insights to our stories.
That is invaluable.
We are making the subscriber-only change to support our valued readers, who tell us they don't want the site cluttered up with irrelevant comments, untruths and abuse.
In the past, the journalist’s job was to collect and distribute information to the audience. Technology means that readers can shape a discussion. We look forward to hearing from you on heraldscotland.com
Comments & Moderation
Readers’ comments: You are personally liable for the content of any comments you upload to this website, so please act responsibly. We do not pre-moderate or monitor readers’ comments appearing on our websites, but we do post-moderate in response to complaints we receive or otherwise when a potential problem comes to our attention. You can make a complaint by using the ‘report this post’ link . We may then apply our discretion under the user terms to amend or delete comments.
Post moderation is undertaken full-time 9am-6pm on weekdays, and on a part-time basis outwith those hours.
Read the rules hereLast Updated:
Report this comment Cancel