Encouraging signs in north east industrial market

March 25, 2021
FG Burnett is pleased to report that activity continues at Peterseat Park, Altens, one of Aberdeen’s foremost industrial locations.  A new letting at Plot 3 to Glacier Energy Services was completed earlier this year and Plot 12a is now ‘Under Offer’, reflecting what would appear to be some confidence returning to the industrial property sector.  The level of interest in Peterseat has increased significantly, and with the modern facilities currently available – ranging from 15,000 sq.ft to 24,000 sq.ft, – supplemented by what many believe is the most valuable of resources i.e. large storage yards, many industrial, distribution, energy and … Read More

Union Street, Aberdeen – Occupier Update (15th Feb 2021)

March 8, 2021
Even during a global pandemic with our lives turned upside down time still seems to pass quickly. That was my thought as I carried out our 6 monthly occupier review of Union Street. Once again starting the journey from home rather than the office but hopefully there is light at the end of the tunnel on that front. Businesses are more than capable of getting staff back into their offices and operating responsibly and safely. I hope many find our survey of some interest, over time the data will be useful in broadly measuring the health of our most famous … Read More

FG Burnett retains top spot in industry awards

March 4, 2021
For the second year running, FG Burnett has topped the charts in the CoStar Awards.  CoStar Group, the leading provider of commercial real estate information, analytics and online marketplaces, has just announced the recipients of this year’s CoStar Awards, recognising the UK’s most active commercial real estate agencies for their cumulative deals across the calendar year 2020. In Aberdeen, FG Burnett has consolidated their performance in 2019 by again being placed top agent in 4 of the 5 categories, namely, the total number of agency disposals across all sectors, total floor area transacted and the same from a single branch … Read More

Insurance Reinstatement Cost Assessments and COVID-19

February 17, 2021
Whilst a significant portion of businesses premises have lain empty as a result of the ongoing COVID-19 restrictions imposed throughout the country, this doesn’t mean that the requirements to ensure your premises are anything less than properly insured reduces, in fact, they are likely to increase. It is extremely likely that should your premises be empty for a significant period of time, quite typically 30 days, then insurers will request that regular inspections are undertaken to ensure that no issue have developed. During lock down alone, FG Burnett’s Building Consultancy team have been involved in 4 separate cases where the … Read More

Aberdeen Office Market Update

February 16, 2021
It is common knowledge that the office market in Aberdeen is intrinsically linked to the fortunes of the energy sector and the price of a barrel of oil.   We now have the added impact of COVID-19 and Government enforced restrictions on almost all aspects of our daily lives.  So how has Aberdeen’s office market fared in the face of a perfect storm of energy sector austerity and a global pandemic, reducing need for the very commodity that makes Aberdeen tick?  Since 2015, when the oil price fell from the US$100 to mid-$20’s, office demand and supply was turned on its … Read More

Changing Landscape

February 11, 2021
Aberdeen has been facing challenges within the Property Sector for some time now, whether that be from the downturn in the Oil Industry, the introduction of business rates to the Industrial Sector, inflated business rates (largely as a result of the most recent tone date in 2015) and of course more recently the effects of Covid-19. This has led many landlords in all sectors facing significant void periods and, in some cases, where they are holding aging stock there is little prospect of the premises being re-let in the guise they once were. Along with potential redevelopment, FG Burnett’s Building … Read More

The end of the world as we know it?

January 12, 2021
2020 saw life change for us all with unprecedented changes in our personal and working lives. Indeed, months of restrictions in our working conditions and movements has been tough on us all.    Whilst the Government suggested that landlords should be sympathetic to the plight of their tenants and from our experience as a company those that could, did try their best with rental reductions or other such schemes where their own personal circumstances allowed.  Of course, what about lease expiries – well they continued undeterred by the ongoing pandemic. It is safe to say that Dilapidations remains a huge … Read More

Client Requirement

December 16, 2020
Locations – Dundee, Perth, Stirling, Dunfermline Specification – Surfaced sites with power and drainage preferred but all considered Size – 2 acres approx. Use – Container storage Tenure – Lease with option to purchase Please send all details, with quoting rent / pricing and site plans to: Jonathan Nesbitt – E: T: 01224 597531 / 07771 923401

Business Rates During a Pandemic

November 26, 2020
Rarely does a day go by without business rates appearing in the national press, and its impacts are under even greater scrutiny following Covid-19. What is the government’s response and what can ratepayers do to alleviate the rating burden during this challenging time? There is some positive news for all, a 1.6% universal reduction in all rates liability for this financial year. However, this only reverses the increase to the national rates poundage used to calculate rates bills. Many businesses not eligible for Covid relief schemes have not seen any real reduction in their liability. There are also cases where … Read More

North East industrial lease secured

November 23, 2020
Acting on behalf of recently formed J+S Subsea, FG Burnett are delighted to have negotiated the lease acquisition of a substantial 16,500 sq.ft office and workshop building at Midmill, Kintore, Aberdeenshire – the landlord is Uppermill Farms. Matthew Blair, Executive Chairman at J+S Subsea comments: “As part of our growth strategy, J+S Subsea are pleased to have secured this property at Midmill, with the able assistance of FG Burnett guiding and advising us throughout the process.“ Colin Wood, Operations Director at Malcom Allan Housebuilders comments: Malcolm Allan and the team at Uppermill Farms Ltd are very pleased to welcome J+S … Read More
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