| Latest city development reaches completion |
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Commercial property developer Knight Real Estate, a Chess Property Group plc company, has completed construction of Wellington House, its £6million speculative office development in Altens, Aberdeen. Knight Real Estate is in negotiations with a number of prospective tenants, primarily from the energy sector, interested in leasing space in the 20,385sq ft pavilion. It is one of a series of significant developments being undertaken by the developer across the north-east of Scotland. Sole marketing agent for the two-storey pavilion in Wellington Circle is Graham & Sibbald.
Knight Director Howard Crawshaw said "Wellington House has been completed on schedule and adds a welcome new dimension to our property portfolio". "It's a high-specification, high-quality office pavilion and with column-free floor plates spanning 18 metres it offers the ultimate in flexibility for any incoming tenant". "The two-storey building, of contemporary design, has extensive car parking and its exceptional location means road connections north and south of the city are easily accessed". "One of the key factors in our development strategy over the past two years has been the lack of flexible office space of this kind in the north-east and we'll continue to look at how best we can address that ongoing shortfall in and around the Aberdeen area".
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