A new residential scheme is set to bring four luxury townhouses to one of golf’s most famous settings, overlooking the 17th Green, 18th Fairway and the Swilcan Bridge on the Old Course at St Andrews.
The multi-million-pound development is being financed by Shawbrook Bank, enabling the long-standing landowners to begin construction on the site, which has been in the same family for more than 60 years.
The previous property, now demolished, was used on numerous occasions as the Sky Sports broadcast studio during The Open at St Andrews.
Sales agent Knight Frank is expected to market each of the homes from £7.25m.
The project is due to complete by the end of 2026, well ahead of the 2027 Open Championship scheduled to be played at St Andrews.
Douglas Spowart, relationship director for Scotland at Shawbrook, said: “This project is not only about creating four exceptional homes, but also about contributing to the legacy of St Andrews.
“Funding a site of such cultural and sporting significance required careful structuring, but through close collaboration with the client and our professional partners we were able to deliver a solution that brings this landmark development to life.”
The developer added: “This site has been part of our family’s story for more than 60 years, so we were determined that any development would be worthy of its setting beside the Old Course and surrounding properties.
“Our aim is to create something that not only delivers outstanding homes but also contributes positively to the character of St Andrews. Partnering with Shawbrook has given us the confidence and support to bring this vision to life.”
Brian O’Neill, principal broker at Onozzi, said: “This was a particularly complex transaction. The planning process has been an intricate journey, bringing together heritage specialists, architects, planners, and engineers.
“The result not only complements its historic surroundings but also enhances the cultural fabric of St Andrews – a town celebrated worldwide for its heritage and golfing prestige.
“Shawbrook’s team took the time to understand this and offered a solution that addressed its nuances. Their pragmatic approach was key to getting the deal over the line.”
