growth in north-east industrial market


FG Burnett experiences an uptick in transaction exercise within the Northeast Industrial Property Sector.

And as new alternatives emerge from the power transition, with Aberdeen and Peterhead additionally doubtlessly attaining Inexperienced Freeport standing, expectations are excessive that the development will proceed.

FG Burnett mentioned he had not too long ago acted on behalf of personal and company distributors and landlords within the settlement of a number of industrial websites within the Metropolis of Aberdeen and the Shire.

It’s fairly anticipated that the demand for industrial property throughout the area will stay, in any other case it is going to improve.

Graeme Watts, Director, FG Burnett.

Property gross sales Aberdeen-based property consultancy helped end the road, together with offers for Augusta Home in Blackburn, and Brimond Home on Kirkhill Place, Cube, Aberdeen.

Augusta Home, which spans roughly 7,000 sq. ft, was offered by an English property investor to a neighborhood non-public purchaser after a brief interval of promoting.

Brimond Home, which spans over 9,300 sq. ft, was additionally offered to a non-public purchaser and later deserted.

New Lettings in Cube and Inveruri

And performing on behalf of two non-public landlords, FG Burnett has supplied workplace and industrial house in Dyce and Inverurie.

On Kirkton Drive, Cube, the agency has leased a renovated 9,000 sq. foot workplace and workshop constructing on behalf of a company landlord to Pinnacle Re-Tech, a specialist within the upkeep and repair of centrifugal pumps for the oil and fuel sector . ,

At Souterford Avenue, Inverurie, an workplace and warehouse facility of roughly 12,000sq ft has been granted permission by FG ​​Burnett to behave on behalf of a neighborhood property investor to Aberdeenshire Council for the Aberdeenshire Well being and Social Care Partnership.

Graeme Watts, director of FG Burnett.

Graeme Watts, Director of FG Burnett, mentioned: “These gross sales and lettings mirror continued and rising curiosity in industrial property because the market improves.

“Industrial estates and shires throughout the town have skilled a level of resilience by the pandemic.

“With altering financial situations, together with however not restricted to the momentum created by the power transition and the hope for inexperienced freeport standing, demand for industrial belongings throughout the area is predicted to extend, if not improve.”

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