Hurstwood Asset Management (HAM) has advised a private client on the acquisition of a development site in Dyce, close to Aberdeen airport.
Known as The Quad, the 10-acre site, which currently has a three storey office building, was bought for an undisclosed sum. Upon advice from the HAM team, the vacant building will be demolished with plans to redevelop the site to create a £35 million industrial scheme comprising 200,000 sq ft of new build industrial warehouse units, ranging in size from 5,000 sq ft up to 30,000 sq ft.
In line with HAM’s core strategy to create sustainable, energy efficient buildings, the new buildings will target an EPC A rating and be Net Zero in operation.
Richard Bousfield, Director of HAM, commented: “This was an opportune purchase for our client allowing them to effectively acquire what we identified as a prominent development site at a favourable price. There is a real shortage of ESG compliant warehouses in the area and with demand high, the proposed scheme will provide significant economic benefits locally too.”
For further information please contact:
Anna de la Perrelle firstname.lastname@example.org 07876528773