Ury Estate has been sold to a local farmer for £5 million.
The 1,600-acre Estate was bought by its sitting agricultural tenant, John Forbes of Slains Park, Kinneff from administrators following the collapse of former owners FM Developments in 2009.
FM had initiated plans for a championship golf course designed by golfing giant Jack Nicklaus, as well as a hotel and 220 domestic houses on the estate, before entering administration.
But Mr Forbes, whose family had a stake in FM, said he would focus for the time being on cultivating the land for agricultural use.
For more on this story pick up next week’s Mearns Leader date May 4, 2012.