News

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: jonathan.nesbitt@fgburnett.co.uk 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

Letting secured to popular Aberdeen retailer

November 19, 2020
FG Burnett have acted for the landlord in the letting of 10000 sq ft of retail space at 107 George Street  to a popular Aberdeen retailer, Nickel & Dime, who have relocated from Aberdeen Market  and upsized into their new unit allowing them to expand product range. The property is located close to the Northern entrance of Bon Accord Centre and opposite the John Lewis Department Store. Richard Noble of FG Burnett commented “We were delighted to assist with the Nickel & Dime move and wish them every success in this new location, they will certainly drive additional footfall. We … Read More

Sainsbury’s sign up at Countesswells

November 10, 2020
Multiple food retailer Sainsbury’s have signed up for a 4000 sq.ft convenience store at Countesswells, the new community West of Aberdeen. Ultimately there will be 3000 homes at Countesswells, together with schools, health and leisure facilities as well as retail and business space. Sainsbury’s, who have signed up to a long term lease will anchor the Neighbourhood Centre, scheduled for completion in May 2021. As well as Sainsbury’s there will be 3 further shops each of 1000 sq.ft together with customer car parking. The Neighbourhood scheme will be located next door to the community’s first primary school and is located … Read More

Trio of West End Deals

October 26, 2020
It is heartening to see that retail deals are being concluded in Aberdeen despite the challenging economic background. Agents FG Burnett report that they have completed a number of deals recently. The former Nova property at 20/24 Chapel Street has been sold to a private investor and following refurbishment is now occupied by “Copper & Grey”, a second unit for them following the success of their Banchory branch which opened in 2018. Owner Katherine Canning said “We are delighted to be opening a new store so quickly. It has been a difficult few months for many businesses and we couldn’t … Read More
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