BLOG Today I am publishing a report documenting and analysing the rural land market in large scale landholdings from 2020 - 2022. Short thread with some headlines. 1/8 andywightman.scot/2024/02/large-…
Report analyses all sales > 500ha plus those below this threshold where buyer owns land above the threshold. This is relevant to the proposed duties placed on large landholdings by forthcoming land reform bill. Data is derived from research behind . 2/8whoownsscotland.org.uk
During 2020 - 2000, there were 79 such sales totalling 103,924 ha of land of which 11 were of parcels >3000 ha. The majority of land acquired during this period was by buyers who already owned land - a trend towards greater concentration of landownership. 3/8
Almost without exception, the new buyers are financial companies with a focus on forests, carbon and “nature” finance. Table 5 shows top spenders (where revealed) Among them are the following: - 4/8
Gresham House, now (provisionally), the 5th largest private landowner in Scotland (or 3rd if you exclude RSPB & NTS). It now owns 53,783 ha or 132,989 ha. Gresham (through a series of Scottish Limited Partnerships spent at least £135 million acquiring ten new properties. 5/8
Profound UK Holdings Ltd. acquired two large holdings - the Auch and Invermearan Estates. The company is controlled by Ming Tai Tau, Chair of Chinese Estates Holdings in Hong Kong. 6/8
Auchencairn LLP acquired four properties totalling 2301 ha bringing its total landholding across Scotland to 10,612 ha. Auchencairn is controlled by John Hart, founder and managing partner of Inflexion Private Equity. 7/8
Read the report for full details of these and others. I hope the report provides some useful intelligence on the likely impact of the measures contained in the forthcoming land reform bill. 8/8
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THREAD - SCOTTISH LAND COMMISSION. On 1 December it was widely reported that former MSP and Cabinet Secretary Michael Russell had stood down as President of the SNP in order to take up a post as Chair of the Scottish Land Commission (SLC). [image] 1/8
At the time this struck me as very odd. Public appointments like this are made after open competition. Imagine you had applied for the post and the first you knew you had not been proposed for appointment was when you read in the media that Russell was lined up for it. 2/8
I do not know who briefed the press about this before any official announcement but it was a clear breach of confidence. For the role of Land Commissioners, Parliament has to approve the appointment BEFORE Ministers can appoint. Who leaked this information and why? 3/8
Mountaineering clubs have 7 days in which to apply for a short-term let license. Just another group caught in the wide scope of legislation too broadly framed. 1/4
Huts like the Alex McIntyre Memorial Hut in Onich 2/4
This week’s landholding of the week is Meikle Conval & the story of a stolen commonty. Meikle Conval is a 2100 acre woodland and moorland property sitting between Aberlour and Dufftown in Banffshire. It is owned today by Marjory Walker of Walker’s Shortbread family. 1/5
2/5 In 1946, the owners of Aberlour Estate sold the commonty to North British Hotels Ltd. despite never having had title. Their only legal right was of an access to the common land. The commonty is marked here on the 1946 deed plan.
3/5 Others in the parish with rights to the common land were ignored. This is a typical means by which our ancient commons have disappeared. Legally they can only be divided by the Division of Commonties Act 1695. legislation.gov.uk/aosp/1695/69/c…
Landholding of the week this week is Coille A’Saobhaidhe (savage forest) in the peatlands of Sutherland. In the 1980s, Fountain Forestry acquired land here and sold it to rich people who wanted to avoid tax. it is now part of the carbon rush 1/7
This parcel of 322ha was bought for £33,360 in 1982 by Robin Blair, (a former partner at Turcan Connell and Lord Lyon, King of Arms of Scotland 2001-2008) via his Firm of Charlotte Forestry 2/7
Most of those who acquired land here (Alex “Hurricane” Higgins, Terry Wogan etc), in the 1980s sold on in the early 1990s. Robin Blair, however, hung on, obtained a useful wind farm tenant and finally sold the land to TCI Investments Limited in 2019. 3/7
In light of the proposed £2 billion financialisation of Scotland’s natural capital by the City of London, it is interesting to note the current ownership of these two companies. 3/8 andywightman.scot/archives/4947
There has been some discussion of wealth creation and wealth re-distribution in SNP leadership contest. Unfortunately, this has been mostly debated as a binary one or the other. 2/9
Wealth is the stock of natural and human-made resources we all depend upon. A strong economy which can deliver prosperity needs to create wealth. 3/9