| Knight Real Estate unveils new Aberdeen development plans |
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Commercial property developer Knight Real Estate, a Chess Property Group plc company, is to undertake a much-needed new speculative development in its latest move to help ease the north-east's shortage of industrial space. It has unveiled plans to establish a commercial park on a 10.95 acre site in Altens, Aberdeen - and the first of the units is already under offer. Minto Commercial Park will offer individual sites containing properties upwards of 10,000sq ft in size, to be developed to meet customer requirements. Knight Real Estate Managing Director James Barrack said: "The fact that the first unit is under offer and there is already strong interest in the remaining plots is indicative of the continuing market pressure in the Aberdeen area". "There's a lack of industrial units of this kind and its important to be able to address that shortage in tandem with prospective clients". "We're excited to be adding this development - in the heart of one of the city's biggest commercial areas -to our portfolio of projects in the north-east and across Scotland". It is expected the first of the units will be ready for occupancy in the summer of 2008. Sole letting agent for the Minto Drive development is Graham & Sibbald. Simpson Buglass, partner with Graham & Sibbald said: "We're delighted to be working with Knight Real Estate on this development. Knight Real Estate has recently been involved in a number of successful developments and Minto looks certain to be another". "The supply of land and buildings for commercial and industrial users is at present at an all-time low and the great advanatge of Minto is that it is 'ready to go' with Knight Real Estate committed to development commencing on site in early 2008." "For all organisations with requirements for office, warehouse and workshop space the message is clear - come and speak to us if you need new accommodation. Together with Knight Real Estate we can quickly provide you with plans and a financial proposal which will allow you to take your business forward".
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