| scotland
DEMAND FOR MIXED-USE DEVELOPMENTS TO CONTINUE T
he demand for high quality mixed-use city centre developments is likely to continue into 2018, according to Thomas & Adamson, the project managers and contract administrators of Marischal Square, the landmark project handed over on Friday November 17, 2017, in Aberdeen city centre.
“Marischal Square is the first of its kind in Aberdeen in terms of quality and standards for a mixed-use project,” explained Chris Narrowmore, Partner at Thomas & Adamson.
The £107 million development, delivered by Muse Developments and funded by Aviva Investors, will provide space for dozens of businesses, leisure and hospitality amenities. It also houses a 5m high sparkling steel sculpture created by Kelpies creator, Andy Scott, comprised of tens of thousands of individual metal elements.
Chris Narrowmore added, “We were delighted to have been selected to work with Muse Developments, Aviva and Aberdeen City Council on a project of this calibre. Aberdeen City Council is continuing a long-term city centre regeneration project and Marischal Square will play a
STATOIL SALE
significant part in that process, in terms of quality and standards for a mixed-use project.
“2017 has seen significant movement in plans for major city centre mixed use developments across Scotland’s principal cities. “Working with Muse Developments on Marischal Square, which offers a four-star hotel, office space, a varied selection of retail units, combined with high quality public space as well as giving new life to the A-listed Provost Skene’s House, has been a fantastic experience for Thomas & Adamson.”
The Marischal Square development includes two office buildings providing 173,500 sq.ft of Grade A office space with secure basement parking, a mixture of granite and glass in the elevations, seven restaurants and café bars occupying the ground floor space, and a 126-room Residence Inn by Marriott. All Bar One, Prezzo, Costa Coffee,
Tony Macaroni, Marriott International and iconic North-east businesses, Aberdeen Journals and Mackie’s, have already committed to take space, bringing more jobs to the city.
RESIDENTIAL MOBILE HOME PARKS and RESIDENTIAL LAND FOR SALE
ABERDEEN
HOUSING LAND FOR SALE Cairnfield Gardens, AB21 9LX
ABERDEEN
1.900 acres presently a caravan park but for sale with vacant possession. Zoned in Local Plan for Housing. 3 miles from both City Centre and Airport.
ABERDEEN AB16 7UE MANOR PARK 1.406 acres plus an approx. ½ acre car park leased from the Council
Presently a caravan park but for sale with vacant possession. Zoned for housing in Local Plan but other uses possible subject to planning within the City of Aberdeen.
CAIRNFIELD PLACE BUCKSBURN, ABERDEEN
Plot - 0.208 acres suitable for large house or several flats ABERDEEN
MOBILE HOME PARK FOR SALE
This park has a licence for 67 park homes. At present 65 are park owned and mostly rented out on 6 month Short Assured Tenancies. It is 4.33 acres with an adjoining 2.438 acres of land. Both areas are zoned for housing in the Aberdeen Local Plan. This park is in a suburb of Aberdeen being only three miles from the city centre. If used for a housing development the value of the land the mobile home park is located on could be around £3 million. Potential annual income as a mobile home park if fully rented could be around £365K. Offers over £2.2 million.
For further details and information please contact Colin Fraser at
frasercoln@aol.com or telephone 077022 38456
92 D
rum Property Group has completed the sale of a 45,000 sq.ft office at
Prime Four Business Park, Aberdeen for £18.7m to international investment group, Golden Globe Ltd. The purpose-built complex is let on a
long-term lease to Statoil for its operations centre managing the firm’s UK North Sea development and production activities.
Drum Property Group Managing
Director Graeme Bone said: "We are delighted to have concluded this latest transaction at Prime Four, and are very encouraged the park continues to attract significant interest from the UK and international investment markets. Drum remains committed to continuing to invest in additional services and amenities for Prime Four, and the surrounding area, as it continues to grow its reputation as a major global energy hub.” Drum’s total investment at Prime
Four to date exceeds £275m and the firm is currently developing plans for additional office complexes and an out of town retail park at the site. Over 1.8 million sq.ft of commercial accommodation will be built once the development is completed.
INDUSTRIAL UNIT CLOSE TO AIRPORT
hepherd Chartered Surveyors is offering an industrial unit within a popular industrial location close to Aberdeen international airport to let. The 12,070 sq.ft property is situated on the north side of Walton Road within the heart of Kirkhill Industrial Estate, a popular industrial location lying within the suburb of Dyce, six miles north of Aberdeen city centre. The accommodation comprises a detached workshop building with associated two storey offices along with a yard and car parking. The space provides open plan offices together with numerous private and meeting areas along with a server room, tea preparation area and male and female WCs. James Morrison, associate – commercial agency at Shepherd in Aberdeen, said: “Kirkhill Industrial Estate has developed considerably and is now a popular location for many national and international oil and gas related companies within the city.
S 96,000 SQ FT OF INDUSTRIAL SPACE
eading property consultancy CBRE has been appointed to promote units at Birchmoss Industrial Storage Depot as the landlord ramps up marketing activity on the site, located a short distance to the west of Westhill. CBRE has been appointed to market units 11, 14, 15 and 16
L
at the depot, where owner the McIntosh family also runs its plant hire and haulage operations. The units comprise a versatile range of high quality industrial storage solutions including open storage yards and high & low bay warehouses with eaves ranging from 8.5 to 14 metres, with the complement of office accommodation also available. Select units are equipped with gantry cranes with lifting capacities extending from 20 tonne to 110 tonne, and two of the units have a six metre deep test tank.
COMMERCIAL PROPERTY MONTHLY 2018
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