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| scotland


PROPERTY INDUSTRY STALWART MOVES TO GRAHAM + SIBBALD AS HEAD OF AGENCY - ABERDEEN


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raham + Sibbald, the independent Scottish chartered surveyor and property specialist, has hired industry stalwart Katherine Monro as Head of Agency - Aberdeen. Katherine, who will be based in Graham + Sibbald’s Aberdeen office, joins the firm after over a decade at Knight Frank and brings experience of working across Scotland’s real estate industry including with many of the North- East region’s leading commercial operators, developers, government agencies and intermediaries. Katherine


Katherine Monro


Monro, Head of Agency - Aberdeen at Graham + Sibbald, said: “In macro terms, I believe the worst is behind us in Aberdeen and we are now in a rising market with a mood of cautious optimism in the


local market. New drilling activity and contract awards coupled with the oil price remaining at around $70 is an encouraging sign. With a view to local real estate, we are predicting that much of the poorer stock that is no longer fit for purpose will be demolished and converted to alternative use and this will help reduce current levels of oversupply.”


“We are also witnessing renewed interest in Grade A space, with The Capitol and the Silver Fin building illustrating the confidence of occupiers in Aberdeen’s city centre. A number of major infrastructure projects are well underway - the Aberdeen Western Peripheral Route (AWPR), the development of Aberdeen’s new harbour area, the construction of the new Aberdeen Exhibition & Conference Centre (AECC) and the recently announced relocation of Aberdeen Football Club - and these will greatly benefit the local economy and the commercial property market.” Bruce Murdoch, Partner, Graham + Sibbald, said: “We are definitely noting a step up in


activity in the region’s occupier market. The general consensus is that the market has bottomed out, however there are still really competitive terms on offer when it comes to rent, incentives and flexibility/breaks.” Les McAndrew, Graham + Sibbald’s


Managing Partner, said: “It’s quite a coup for Graham + Sibbald to bring someone of Katherine’s calibre into the business, a skilled negotiator and one of the most highly rated commercial agents in the real estate industry, and we look forward to making more hires in Aberdeen this year.” Graham + Sibbald has over 200 employees and 24 partners working across its 15 UK offices which are largely based in Scotland supported by a base in London.


MUGIEMOSS FC SPONSORED


ocal serviced office provider, BlueSky Business Space have continued to sponsor Mugiemoss FC for a third year. The team, who play friendly fixtures


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at the Aulton pitches every other week as well as games around Aberdeen and the Shire, were first sponsored by BlueSky in 2015.


Mugiemoss Coach Steven Ritchie,


commented: “The continued support from BlueSky has been a great morale boost for the players. It encourages them to keep working together as a team and continue to try their best throughout each game.


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Having a sponsor for a local team adds that professional feel to the games which is inspiring for each individual. The team can continue their love for the sport as well as develop interpersonal skills.”


General Manager at BlueSky Business Space, Angela Ritchie said: “BlueSky are highly invested in Mugiemoss FC. We have seen them grow over the years both with their football skills and as individuals.


It’s important for young individuals to


feel part of a group and take part in something they enjoy on a regular basis.”


95 ROSEMOUNT PLACE


shop property at 95 Rosemount Place in Aberdeen’s busy residential Rosemount area, has been leased to Archway, an Aberdeen-based charity which supports local children and adults with learning disabilities, by DM Hall, one of Scotland’s largest firms of independent chartered surveyors. The charity shop which is scheduled


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to open by the end of February has appealed successfully in local media for local volunteers to help prepare it for opening. Archway was the first carer-led charity in Aberdeen to champion the provision of respite services and since then has developed into an innovative charity dedicated to improving the quality of life for people with learning disabilities. It currently supports nearly 200 children and adults with learning disabilities through its respite, shared and permanent care services. The 1,295 sq.ft retail premises,


located on the busy Rosemount Place thoroughfare a short distance to the north of Aberdeen city centre was marketed at an annual rental value of £17,500.


ARDOE HOUSE HOTEL & SPA


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LL’s Hotels & Hospitality Group has successfully sold Ardoe House Hotel & Spa on behalf of Amaris Hospitality. The purchaser is MSB Admiral which has another property located in Brandon, Warwickshire.


The hotel, set within 30 acres of attractive grounds, comprises 120 en-suite bedrooms, a large commercial gym with swimming pool and spa area, nine meeting and conference rooms with one of the largest conference spaces in the city (capacity for 750 delegates), a restaurant and bar area and extensive parking. The site has ancillary properties which offered development potential.


Located in Aberdeen, only a short drive from the city centre and airport, the property offers the tranquillity of a country house hotel with the convenience of city centre amenities all easily accessible. Kerr Young, Director, JLL’s Hotels & Hospitality Group said: “This was the fourth hotel that JLL brokered in Aberdeen during 2017 and provides further evidence that investors, both domestic and overseas, believe in the long term prospects in the Aberdeen Hotel market that has been impacted by short term trading volatility following the recent oil price fluctuations.”


COMMERCIAL PROPERTY MONTHLY 2018


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