Minting it at Minto

The pace of new development in Aberdeen has been maintained and has generally surpassed other parts of Scotland.

For example, Knight Property Group has now completed the second phase of the 11 acre Minto Commercial Park, Altens scheme and will move onto the final phase on Site 6. So far, Knight has invested £20 million over a three year period in Minto. Knight’s Howard Crawshaw said: “Being involved in a regeneration project such as this has been extremely satisfying.”

Elsewhere at Minto, Brinker Technology (represented by J&E Sheppard) has leased the 1,115 sq.metres (12,000 sq.ft.) Renewable Energy Centre, a warehouse and office property. Graham & Sibbald acted for the landlord.

Also being developed is Stockland Muir’s Aberdeen Gateway Business Park as part of a 45 acre mixed use scheme of industrial units and offices. Stockland Muir commented: “We will capitalise on a strong occupational market and an apparent shortage of good quality industrial stock. As the oil price has risen above $100 a barrel our marketing agents have experienced a significant increase in enquiries for properties in the 929-1,394 sq.metres (10,000-15,000 sq.ft.) range.

The geographical spread of developments around Aberdeen is impressive with a speculative scheme for houses, a waste recycling centre, technology units and business centre at Alford, a village outside the city. Also, ten miles from the city centre, two new detached office pavilions have been completed on the Kingseat Business Park and are being marketed through Knight Frank and DM Hall.