Luxury residential and holiday park operator Richmond Wight Estates, which currently operates three parks in Scotland and is involved in property and leisure development sites in Dumfries & Galloway, has acquired Reiver Carlisle, a lodge manufacturing business.
The firm has also announced that a sister firm Moffat Academy Ltd, plans to redevelop the old Moffat Academy into luxury houses and apartments for the retirement market.
Reiver Carlisle is already well known to Richmond Wight, which uses Reiver stock of both luxury lodges and park homes at its three parks.
With the backing of HSBC bank, Richmond Wight plans to expand the business, which currently employs fifty staff, to secure its long term future. An additional fifty staff will be recruited in the near future as in house production of the luxury lodges will be increased from sixty a year to around 200.
Richmond Wight will also revitalise the company’s sales and marketing strategies and plans to attend major UK trade shows to secure orders for the lodges.
Chek Whyte, Managing Director of Richmond Wight Estates said “Reiver Lodges has an excellent name in the industry, and is a long established brand which stands for real quality. We have been happy to buy Reiver lodges for our own parks for some time now, where they are used both for the holiday lettings sector and for our semi retired over 55 customers who can buy them as fully furnished residential homes.”
Richmond Wight Estates has also submitted for planning permission to develop 41 high specification properties, which will include wet rooms and contemporary kitchens, to be created from the old schoolhouse in Moffat.
Two spacious penthouses will be included in the design. Moffat Academy Ltd expects to obtain planning consent for the £5 million development by mid to end of February 2017, and will aim to open a Sales Office and Show Apartment by May.
Said Chek Whyte said: “We are hugely excited to announce this redevelopment of the Academy, which subject to planning approval, will commence very shortly. We wish to thank the local planning office who have been working closely with on the project. The Academy is a well known and iconic building in Moffat, which will now be given a new lease of life and a new purpose as a safe, secure and stylish place to live for older like minded people.”