Merchant Exchange Aberdeen offices £800k revamp revealed

Developers have completed an £800,000 revamp of Aberdeen’s Merchant Exchange offices – and city improvement chiefs are poised to move to the regeneration hotspot.

Property firm the SRE Group has brought the granite building “up to date” with the six-figure investment.

Owners say HS Beauty and Aurora Energy have already been attracted to the “revitalised” venue.

And city centre improvement group Aberdeen Inspired are poised to sign a deal to move to the spot just yards from the city’s new £40 million market.

The indoor food and drink hall is hoped to transform the fortunes of the centre, with early construction work under way.

The Merchant Exchange building. Image Ben Hendry/DC Thomson

There are hopes the new market will have a knock-on effect on the surrounding area. Image: Aberdeen City Council

Merchant Exchange Aberdeen offices located in ‘up and coming area’

The SRE Group says this shows the market project is already “strengthening the appeal of Exchange Street and nearby Union Street as top office locations”.

An Aberdeen Inspired spokesman explained that the could be the perfect destination, as the outfit eyes a flit from its Upperkirkgate home.

He said: “The office accommodation at Merchant Exchange is an ideal permanent base for the needs of Aberdeen Inspired as a business improvement district (BID).

“It is in the heart of our BID area and also in the heart of the Merchant Quarter, one of the city’s up-and-coming areas due to the extensive regeneration happening in that part of Aberdeen.”

The Merchant Exchange building has been upgraded as premium Aberdeen offices. Image: Ben Hendry/DC Thomson

As part of the city centre masterplan, new bike lanes are to be created through the surrounding streets.

The area beside the train and bus stations will be upgraded to provide something of a “welcome mat” for visitors to Aberdeen.

All roads lead to the new Aberdeen market. The city council has unveiled plans for a roads shakeup to put pedestrians first in the Merchant Quarter. Picture by Aberdeen City Council. — All roads lead to the new Aberdeen market. The city council unveiled plans for a roads shakeup to put pedestrians first in the Merchant Quarter. View of Carmelite Street published by Aberdeen City Council.

Do you think more office workers will be lured to a rejuvenated Aberdeen city centre? Let us know in our comments section below

Merchant Exchange refurb shows Aberdeen is ‘exciting business destination’

John Grewar, who manages lettings for the SRE Group, said: “Merchant Exchange is an integral part of our Aberdeen portfolio.

“Its ideal city centre location is now reflected in our refurbishment of the building, which has created a collection of ‘walk in’ suites with break-out areas and meeting rooms for the larger offices.

“We are delighted to see Aberdeen continue to evolve as an exciting, supportive business destination.”

It comes after the same firm confirmed a £3m overhaul of Caledonian House on Union Street.

Read more about the Granite Mile offices revamp here.