Commercial Property News

Our magazines are published bi-monthly with in-depth features and news for the commercial property industry. On this page we have the latest news to keep you constantly updated on the market. On the left hand side of the page you can search our archived news which is stored monthly.

Wednesday, February 15, 2024

Forbes Homes plan further development at Peterseat Park, Aberdeen

Forbes Homes Ltd is planning further major development of the successful Peterseat Park, on the south side of Aberdeen, with the addition of units totalling 127,000 sq. ft.

The expansion includes nine detached industrial buildings, incorporating warehouse/workshop and offices, ranging in size from 10,000 sq. ft. to 30,000 sq. ft., on sites varying from 0.8 acres to 4.2 acres.

The encouraging take-up of properties at Peterseat to date means that at least three of the new units are likely to be constructed speculatively, with the first to be available before the end of 2006.

It is estimated that the three speculative units will represent an investment value of £4,000,000. In addition, a three-acre site is being sold to MacLean Electrical, incorporating Noskab, as the location for an office and warehouse.

Graeme Watt, a Director of F.G. Burnett, agents for Forbes, said: "The latest phase reflects the success of the Park and the strength of confidence in future demand for quality accommodation which is currently lacking in the city."

There are seven offices and industrial units at Peterseat, occupied by R S Components, Draka UK, Wartsila UK, Rowan Drilling, Global Gas, Precision drilling and Apex Industrial Chemicals. New headquarters for Champion Servo are nearing completion.

There is capacity for further expansion at the 55-acre Park which is within the well-established Altens Industrial Estate, one of the city's prime industrial and business locations.