Five new occupiers have been secured at Aberdeen’s City South Business Park, on behalf of owners Dandara Group, by global property consultancy CBRE in partnership with joint agents FG Burnett.
Four of the new tenants have purchased their premises, with the fifth leasing its unit. All five units are part of the latest phase of development at City South Business Park, situated in a prime location just two minutes’ drive away from the Aberdeen Western Peripheral Route, within easy reach of the city centre. A total of 19 smaller business units, each comprising 1,250 sq ft, have been speculatively built by Dandara Group at the site.
Lift systems specialist Otis has leased its unit whilst the businesses purchasing their units are: electrical engineering firm Clearwater Electrical, which has a wealth of experience in the offshore oil and gas industries; The Shand Practice, a long-established podiatry services business; HVAC, a heating, ventilation, air conditioning and refrigeration solutions company which services the oil and gas industries; and LHR Marine, a family-run business which specialises in a range of marine equipment and safety products. LHR Marine was represented by Savills in its acquisition.
CBRE associate director Iain Landsman said: “Our experience in the market told us that there was a shortage of good quality business units available to the south of the city, and we recognised that opportunities to purchase units of this size are few and far between. To date we have been inundated with enquiries about the new City South Business Park units and it’s great to be able to announce the first five occupiers.
“These deals represent a growing confidence in the North Sea oil and gas industry and the north-east economy generally. This is further evidenced by the fact that we are also under offer on another six of the units, leaving only six more remaining. On the back of the success of these smaller business units, Dandara is looking at potentially building out another phase to cater for the high demand.”
Clearwater electrical director Barry Stanley added: “As soon as we found out that Dandara was speculatively building smaller business units, we reached out to CBRE to note our interest. We had been looking to purchase a unit for a number of years and there was never anything suitable on the market, despite the downturn in Aberdeen. The new units at City South are exactly what we were looking for.”