One of Aberdeenshire’s best known local roadside restaurants and retail outlets has changed hands.
Morgan McVeigh’s of Colpy has been taken over by Tillymorgan Ltd with support from the Royal Bank of Scotland.
The development, on the A96 just north of Inverurie, is one of the area’s biggest leisure and retail complexes, with an onsite restaurant and coffee shop. It is also home to leading designer brands including Joules, Lebek, Marble, Olsen, and Frank Lyman, as well as offering a unique selection of local foodstuffs and gift items.
“This is an important leisure complex in the North East with significant growth potential and the support from the Royal Bank of Scotland has allowed this deal to happen”
Brian Welsh, director, Tillymorgan
The complex has been in operation for more than 15 years and Tillymorgan director Brian Welsh is keen to build on the site’s success. He said: “We’re delighted to have been able to purchase Morgan McVeigh’s.
“It is an important retail and leisure complex in the North East with significant growth potential and the support from the Royal Bank of Scotland has allowed this deal to happen.
“Morgan McVeigh’s is well established and has a great reputation within the area and we’re keen to build on its success.”
Martin Ramsay, relationship director with the Royal Bank of Scotland corporate and commercial team in the North East, helped facilitate the purchase. He said: “Morgan McVeigh’s of Colpy is crucial to Aberdeenshire’s retail and hospitality sector.
“In the year of Scotland Food and Drink, it is good to see that sites with the right blend of food and shopping outlets attract strong and loyal custom.
“We are delighted to have helped Mr Welsh with the purchase of Morgan McVeigh’s and wish him every success in the future.”
This is an important leisure complex in the North East with significant growth potential and the support from the Royal Bank of Scotland has allowed this deal to happen
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