Aviva Investors has announced it has completed a trio of lettings for its ‘Flex @ Aberdeen Business Park’ offering.
Robertson Construction Eastern Ltd has taken the first floor in St Fergus House in the Park, extending to 5,175 sq ft, on a five-year lease. This follows on from the letting of 16,500 sq ft in Kirkhill House to Expro North Sea Ltd, which relocated from a 10,500 sq ft suite in St Fergus House, and Babcock consolidating its previous occupancy in Kirkhill House by committing to a further five-year lease.
‘Flex @ Aberdeen Business Park’ is a new lettings strategy offering flexible terms and incentive packages tailored to meet occupiers’ specific requirements. It applies to three buildings at Aberdeen Business Park: St Fergus House, Kirkhill House and Campbell House. The remaining space on the Business Park can cater for a variety of size requirements with suites of 3,500 sq ft up to 16,000 sq ft. Communal spaces and reception areas are also being refurbished across the pavilions.
Susan Pegg, development manager at Drum Property, acting as asset manager on behalf of Aviva Investors, commented: “The recent lettings demonstrate not only the popularity of the flexible leasing strategy but also the vote of confidence in Aberdeen Business Park with the retention of two existing tenants.”
St Fergus House provides modern, open plan office accommodation. Just over 5,000 sq ft remains available following the letting to Robertson Construction. Kirkhill House is an imposing office HQ building, overlooking Dyce Drive, arranged around a central reception. One suite remains available, comprising 8,595 sq ft of high quality office accommodation. Campbell House extends to 16,000 sq ft in total. The first floor provides modern, open plan and refurbished office accommodation, whilst the ground floor has been recently split to create a refurbished, smaller suite with the remaining space on the ground floor benefiting from an existing high quality fit-out, which can be left in place or removed depending on occupier requirements.
Jonathan Nesbitt, director at joint letting agent FG Burnett, said: “The quality of the product at Flex @ Aberdeen Business Park has attracted new tenants and encouraged existing tenants to further commit and expand within the Park. Aviva has taken an extremely flexible approach to lease terms and the financial packages available and this has paid dividends with the recent spate of transactions. With the attractive terms on offer, Aberdeen Business Park is a cost-effective solution for occupiers with requirements to the north of the city.”
Amy Tyler from joint letting agent CBRE, added: “Aviva’s innovative and bespoke solution to occupational requirements has proved to be extremely popular with both new and existing tenants, and we expect this to continue as the market improves. We anticipate demand increasing further when the Government announces a return to the office for non-essential workers.
“Dyce is also increasing in popularity as a business location due to the transformation of infrastructure in the area. The new AWPR, upgraded Aberdeen International Airport and new P&J Live event complex coupled with the availability of high quality, cost effective and environmentally friendly office space with plenty of amenities close by is helping to attract businesses.”
Leases are available on short flexible arrangements and the landlord will tailor financial packages to suit tenants’ requirements.