Aberdeen Energy Park Commences £5m Speculative Development

AEIP Spec UnitsWork has now started on site to deliver the next phase of speculative development at the Aberdeen Energy & Innovation Parks in Bridge of Don.  The new development at the Energy Park, a joint venture between Buccleuch Property and Scottish Enterprise, has an estimated project value of £5m and is delivering two quality, high spec industrial units with integral offices and dedicated yards, ready for lease or purchase by March 2014.

CHAP Construction (Aberdeen) Ltd has been awarded the construction contract to build the two industrial units which will each comprise two-storey offices of 366 sq. m, with approx. 1,112 sq. m of warehouse facilities to the rear, dedicated yards and generous car parking.  This design format is in response to market demand for units of this specification and size, which have been lacking, in the Bridge of Don area and will meet the requirements of fast-growing companies as well as attracting new energy and technology-related businesses.

Commenting on the next phase of activity at the Aberdeen Energy & Innovation Parks, Sandy Smith, development director at Buccleuch Property said: “This latest speculative development is testament to the market in Aberdeen and it is our aspiration as landlords and developers to continue to expand and enhance the collaborative environment enjoyed by the 90 businesses already located across the Parks.  This new development supports our long-term expansion plans to deliver high-specification accommodation across both the Innovation and Energy Parks.”

Ryden and Knight Frank who jointly market the Aberdeen Energy & Innovation Parks, comment:  “There is a strong appetite for new build industrial units with integral offices of the quality on offer at the Energy Park.  The ability to owner occupy these units will also appeal to the market.”