Property entrepreneur Ken Ross has acquired Hallhill Developments, the company behind a large development next to the A1 in Dunbar which spans over 400 acres and includes residential, commercial, retail, recreational and educational uses .
The price paid by the property developer was not disclosed.
Hallhill has been growing in Dunbar for over two decades.
The development, which focuses on sustainability, is developed around The DunBear, a five-meter tall brown bear sculpture.
The DunBear was designed by renowned Scottish sculptor Andy Scott, who designed The Kelpies, near Falkirk.
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Since work began on the site in 1999, the Hallhill development has delivered over 1,500 homes, either built or under construction. About 250 of them are affordable family homes.
The Hallhill development is also the location of Dunbar Primary School’s four to seven primary classrooms, playgrounds, Asda supermarket, garden centre, hotel; a restaurant pub and a McDonald’s restaurant with drive-thru.
Hallhill also donated 15 acres of land, which now houses the Healthy Living Center, a community sports center that houses most of the city’s sports clubs.
Land has also been provided to East Lothian Council to develop the primary school. In addition, over 50 acres of woodland have been transferred by Hallhill to the local community Woodland Trust.
An independent economic assessment carried out by Mackay Consulting in 2018 identified that over 600 jobs have been created by the development of Hallhill, with over £30 million contributed to the local economy each year.
Since development began, Dunbar’s population has grown from around 8,500 to 14,400.
Mr Ross said: ‘I am delighted to have completed the purchase of Hallhill Developments Ltd. I am proud to have worked at Dunbar for many years and now look forward to continuing to deliver and complete the work started by the previous owners.
“Hallhill has proven to be a huge success, creating a place where people want to work, live and play. The development offers a superb range of homes including affordable homes, excellent educational facilities, road infrastructure and sports facilities.
“By increasing the population of Dunbar through new homes, we have been able to generate the vital investment needed to provide the facilities the community desires, ensuring their continued sustainability.”
He added: “I look forward to developing further in Hallhill, providing sustainable development that will respond to climate change and the needs of the community.”