Cville-Based Real Estate Company Buys Bundoran Farm
Bundoran Farm logo courtesy of bundoranfarm.com
A Charlottesville-based vacation and real estate company has purchased a stalled development in Albemarle County.
Bundoran Farm has 35 developed lots and 31 undeveloped lots on 2,300 acres in North Garden. Natural Assets bought the land from Wells Fargo bank.
The company plans on turning the property into the number one conservation-based residential community in the United States.
Payne, Ross & Associates Press Release
Charlottesville, Virginia –May 1st, 2013 -- The management of Natural Assets announced today the closing of the asset purchase of the Bundoran Farm development in Albemarle County, Virginia from Wells Fargo Bank, N.A. Bundoran Farm is comprised of 2,300 acres of rolling countryside in southern Albemarle County, located fifteen minutes from Charlottesville and the University of Virginia. The acquisition includes 35 platted and fully developed lots with another 31 undeveloped lots on the remaining 1,360 acres. Further details of the company's new plans for the property will be released in the summer of 2013. The US operations of Natural Assets and its wholly owned resort affiliate, Natural Retreats, are headquartered in Charlottesville, Virginia.
"We believe that Natural Assets' acquisition of Bundoran Farm, when combined with the vacation rental, adventure outfitting and real estate operations of Natural Retreats, will sincerely enhance the region's reputation as a high quality, residential community and destination situated in one of the east coast's most stunning areas of natural beauty," stated Matthew Spence, Founder and CEO of Natural Retreats and Natural Assets. "We are committed to ensure that over the next 10 years, Bundoran Farm will become the #1number one conservation-based residential community in the United States of America. This is a vast ambition, but one we are dedicated to deliver."
About Natural Assets
Natural Assets is a British company that invests into sustainable leisure, community and business based opportunities in the natural world. We believe the natural world is a great place in which to invest – financially, emotionally, and strategically. Headquartered in the US in Charlottesville, VA, Natural Assets offers a collection of luxury retreats, holiday homes, vacation rentals and communities located in some of the world's most stunning, beautiful, unspoiled and extraordinary places. For more information visit: www.naturalassets.com
About Natural Retreats
Natural Retreats is a UK and US based travel and hospitality company offering outstanding vacations in luxurious residences and lodges in close proximity to national parks, historic destinations and areas of exceptional natural beauty. Visitors to a Natural Retreats location can take advantage of a wealth of nearby activities from sandy beaches and national parks to family activities, cultural attractions, sports and outdoor adventures. In 2011, Natural Retreats made its North American debut with Natural Retreats South Fork Lodge, Snake River, Idaho and Virginia Hot Springs, encompassing the historic villages of Warm and Hot Springs, Virginia – these are the first 2 of 40 unique sites planned for launch in the U.S. over the next decade. In February, 2013, Natural Assets closed on the asset purchase of the Homestead Preserve in Bath County, Virginia. The conservation-based resort development encompasses the historic villages of Warm and Hot Springs, Virginia and is adjacent to the world renowned Homestead Resort. Natural Retreats also operates sites in 11 other stunning locations in the UK and Europe. For more information visit: www.naturalrestreats.com.
About Bundoran Farm
Bundoran Farm is a conservation based, agrarian residential community originally designed for up to 108 homes on land that was once a part of a 2,300-acre tract owned by the Scott family. Bundoran Farm was established as an effort to conserve and enhance the natural agrarian landscape in Southern Albemarle County. For additional information please visit: www.bundoranfarm.com
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