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CASE ANNOUNCES SALE OF SUTHERLAND WOOLLEN MILL BUILDING 22 December 03
Highlands and Islands Enterprise (HIE) has announced today that the former Sutherland Woollen Mill in Brora has been sold to local engineering firm, Edward Mackay Limited (EML).

The property was sold to EML for £610,000.  The price achieved is in excess of HIE's current valuation of the building.

Commenting on the sale, Caithness and Sutherland Enterprise (CASE) chief executive Carroll Buxton said: "After a thorough marketing campaign and the closing date of 5th November, we reviewed the proposals received for the Sutherland Woollen Mill and are pleased to announce the sale of the property to a local business with significant expansion plans.   "We believe that we have achieved a very good price for the property by placing it on the open market and we welcome this new era for the Mill building.

"EML is rapidly becoming a national specialist in windfarm development. The purchase of this property will allow them to expand their operations further and the move is likely to create new employment opportunities in Brora.  This development highlights South East Sutherland's potential to emerge as a significant location in the renewables sector, which is likely to have a positive impact on other businesses in the area."
Eddie Mackay said: "We are absolutely delighted that our bid has been accepted.  Due to the steady growth of our company we were on the verge of moving out of the area, as we had outgrown our current premises.
"This now maintains 70 jobs and equally important - following months of protracted negotiations with developers, manufacturers and consultants within the windfarm industry - we have succeeded in gaining firm commitments to utilise the building to its maximum effect.  This announcement now turns commitment into reality and will be actively pursued."

Earlier
Mill Placed On The Market
Sale Of Assets