CBRE secures new premises for Online Electronics in Aberdeen

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(L-R) Iain Landsman from CBRE with Andrew Marwood and John Walsh from Online Electronics.

Leading property consultancy CBRE has acquired industrial space in Blackburn Industrial Estate for client Online Electronics Group.

Online Electronics Group, an international company which specialises in the design and manufacture of pipeline pig monitoring equipment and high-tech pipeline data communication systems, has taken the unit in Blackburn Industrial Estate, extending to 11,800 sq ft, on a five year lease.

Online Electronics had outgrown its existing premises on Auchmill Road and required a larger facility to accommodate the business growth.

Iain Landsman, associate director in CBRE Aberdeen, commented:  “It’s great news that we can confirm the relocation of Online Electronics.

“The downturn in the Aberdeen economy over recent years has led to an increase in supply of industrial units. So for an occupier looking to relocate, the upside of the current local economic climate is that there is a much wider and better quality offering available and many landlords are willing to offer extremely competitive packages. Essentially, there has never been a better time to relocate premises in Aberdeen and we were able to use the market factors to the advantage of Online Electronics.”

John Walsh, finance director of Online Electronics Group, said:  “Having fundamentally restructured the core business model to meet the challenges of the downturn and introduced a new, leading edge Enterprise Resource Planning (ERP) system, NAV 16, on schedule and on budget, we have been able to position the Group to take advantage of further growth and opportunities.  This is largely due to the hard work of all our staff here and the support of our parent company, IK-Norway AS.  Moving to our new facility at Blackburn with the assistance of CBRE is yet another important development in the continued success and burgeoning reputation of the Online Electronics Group worldwide.”

Andrew Marwood, managing director of the Online Electronics Group, added:  “Our new facility at Blackburn Industrial Estate provides the perfect new base for our business, and the flexibility of the space will allow us to continue to grow as we expand our offering in the energy sector.”

CBRE represented Online Electronics Group whilst FG Burnett acted for the landlord, Colin Millum.