The owner of Aberdeen Energy and Innovation Parks (AEIP) has completed three office deals in a further sign of momentum in the Granite City’s commercial property market after the oil price slump.
All three transactions involve new tenancies at the James Gregory Centre (JGC) in campus two of the innovation park at Bridge of Don.
Existing occupier 4MS Network Services is up-sizing and taking Unit 2, adding to the four units it already has. It takes the company’s total office floorspace at the centre to just over 1,000sq ft.
Established in 2007, 4MS is an internet communications and network services business serving the global oil and gas industry from Aberdeen.
HSI Lateral Wave, a specialist in non-destructive testing services for the oil, gas, chemical, power generation, defence and food industries, has signed up for a suite in JGC’s Unit 8.
Part of HSI Group, which has head offices in Los Angeles and regional UK offices in Ellesmere Port, Belfast and Aberdeen, HSI Lateral Wave had been seeking a suitable site for the relocation of its north-east business.
Meanwhile, US-owned oilfield services provider Blue Spark Energy UK has agreed terms for JGC’s Unit 24.
Asset manager Mark Holmes at London-based commercial property investor Moorfield Group, speaking on behalf of AEIP owner Moorfield Real Estate Fund III, said: “It is particularly pleasing to see existing and new occupiers building their operations at the James Gregory Centre.
“These deals are a strong endorsement for the flexible and cost-effective opportunities that we offer to occupiers.”
Part of the JGC building, which has a mix of two to eight-person serviced office suites, has recently undergone extensive refurbishment.
Knight Frank and Ryden are joint agents for AEIP, acquired by Moorfield Group on behalf of Moorfield Real Estate III Fund (MREFIII) in September 2014.
The two parks comprise 200,000sq ft of multi-let office and industrial space for more than 80 companies and a workforce of nearly 2,000 employees.
Moorfield Group has established a joint-venture with Buccleuch Property to develop about 60 acres of expansion land across the parks, including 500,000sq ft on a 47-acre site at the energy park and 13 acres of existing serviced plots in the short-term.
