Commercial Property News

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Tuesday, May 09, 2023

Next to occupy Aberdeen's Bon Accord Centre

The Scottish Retail Property Limited Partnership (SRPLP), the joint venture between The British Land Company PLC and Land Securities Group PLC, is delighted that high street retail giant Next has agreed to occupy a showpiece store as part of a major redevelopment of Aberdeen city centre.

The partnership's proposed 200 million multi-use development known as The Bon Accord Quarter will accommodate the new Next store at its upper trading level opposite the John Lewis entrance in The Bon Accord Centre. The new 55,000 square feet store will be the first phase of the project and is the cornerstone of the retail section of the city centre development.

The new store will have more than double the amount of retail space compared to its current location in the St Nicholas Centre and will provide Aberdeen's shoppers with a modern shop layout and further choice of clothing lines and accessories for the home. The current store in St Nicholas Centre has 10,000 square feet of trading space but when it moves to the shop in the Bon Accord Centre is will have 25,000 square feet of trading space. New jobs will also be created at the store although exact numbers are yet to be confirmed.

The initiative to redefine and rebuild major parts of the Bon Accord Quarter is expected to create 300 new jobs during construction and a further 500 after completion of the project in 2010. It will bring an additional 200,000 sq ft of new retail floor space to Aberdeen as well as a range of other city centre uses.