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Tuesday, February 10, 2024

Gladman Developments let 10,000 sq ft in Aberdeen

Gladman Developments has let nearly 10,000 sq ft of business park office space at Abercrombie Court, at Arnhall Business Park in Aberdeen, to a trio of companies, and secured an investment sale.

NCS Survey has taken a five year lease on unit 5, a 5,196 sq ft stand alone building. G5 Technologies has signed a five year lease on unit 14, a 2,216 sq ft office unit, while Jee Limited has secured a five year lease, with an option for a further five years, on unit 17, a 2,250 sq ft office unit. Each unit was let at the quoting rent of 17.50psf.

At the same time, unit 17 has been sold to a private investor for 440,000, while the occupiers of both units 5 and 14 retain an option to purchase their units.

Gladman Developments' Scottish office was advised on the deals by FG Burnett and James Barr.

These deals at Abercrombie Court come hard on the heels of the letting on a 10 year lease at 17.50psf to Northern Offshore Limited, and the subsequent sale to Kenfield for 1.04 million, of unit 18, a 5,250 sq ft office building.

A further 9,500 sq ft of office accommodation is also under offer at Abercrombie Court, with further announcements expected shortly.

The new occupiers are pleased with their offices. Andy Gray of NCS said: "NCS Survey are delighted with our new premises. The Gladman project team was very proactive in making sure everything was up to a high standard. We have had a tremendously positive reaction from our staff and clients who have been very impressed with the new facilities which will provide a base from which NCS Survey can continue its rapid expansion."

John Monks of Northern Offshore Limited said: "We chose Abercrombie Court and Westhill because Abercrombie offered a variety of building sizes which would suit most small to medium sized businesses and we opted for Westhill because it is quiet, it is convenient for the Airport and it also offers good access to the Town Centre, and the Industrial Estates in Altens and Dyce."

According to David MacLeod of agents FG Burnett, the investments at Abercrombie Court have proved popular in the market. He said: "They appeal especially to private investors who recognise that Arnhall has a critical mass of office occupiers that have established it as Aberdeen's premier office park. These are long term investors who have been attracted by the yields of 8.25-8.5% for a quality product."

Susan Pegg, development manager based at Gladman Developments' Scottish office in Livingston, is confident that deals will continue to be done at Abercrombie Court. She said: "Though not immune from the current economic climate, Aberdeen continues to be successful and this success is mirrored in our achievements at Abercrombie Court in securing so many deals in such a short time after practical completion.

"The flexibility and range of the accommodation on offer means that we can accommodate all types of organisations looking to lease or purchase smaller suites up to large headquarters offices in quality, purpose-built modern buildings."

At Abercrombie Court Gladman Developments has completed 78,500 sq ft of purpose-built, high specification office space in a range of units, including 1,027 sq ft 2,212 sq ft and 5,203 sq ft, as well as a head-quarters building of 25,500 sq ft, to ensure that the development can cater for all sizes and types of organisation.

Just six miles west of Aberdeen city centre in Westhill, Arnhall Business Park is now firmly established as one of the fastest growing business parks in Scotland and is a successful, well known and accessible office and business location. It is the headquarters for leading oil and gas sector companies Acergy, Subsea 7 and TAQA, The Abu Dhabi National Energy Corporation. Other occupiers include Tesco, Costco, Premier Travel Inn and a new medical centre.