Golf and leisure resort sold for £25m
A Dundee golf and leisure resort will be "thoughtfully and sensitively expanded" after being sold for £25m.
The 600 acre Piperdam resort has been bought by holiday park operator Coppergreen Developments Ltd.
The resort currently includes 77 holiday lodges, a golf course and a wedding and conference centre.
The new owners said they would add an additional 28 lodges and further provision for mountain bike trails and quad biking.
The resort, which is situated near the Sidlaw hills on the outskirts of Dundee, employs about 125 staff.
Coppergreen Developments Ltd secured the £25m funding package from long-term equity investment company the Business Growth Fund (BGF) and HSBC to support the purchase.
Chief executive, David Copley said: "We are really excited by this acquisition and look forward to continuing the high standards of the business at Piperdam.
"We are focused on thoughtfully and sensitively expanding the site so that even more holidaymakers can enjoy first-class accommodation in beautiful surroundings."