FG Burnett bucks the trend with a plethora of property deals…

January 17, 2020

FG Burnett has enjoyed a strong 2019, recording 92 commercial property transactions across the office, retail, industrial and development sectors, representing a deal every 3 business days.  Despite challenging market conditions, the number of deals transacted in the office sector is approaching the levels prior to the oil price downturn in early 2015 and is indicative of growing optimism in the Energy sector and accordingly the Aberdeen property market.  Whilst FG Burnett’s involvement in the majority of these transactions has been representing the landlord or vendor, there has been an increase in the number of tenant representation work, both for existing clients and new entrants into the oil and gas market.

The company has been involved in over 170,000 sq.ft of office transactions in 2019.  This equates to approx. 33% of the total annual sq.ft office take-up.  In terms of other sectors, 19 and 29 Industrial and Retail deals were completed respectively with the remainder for development.

FG Burnett’s Head of Agency Graeme Nisbet said: “the number of deals recorded is testament to the hard work of the Agency team and the wider support of the company.  We have been operating in a very difficult market for the last few years due to the oil and gas downturn which has had a direct effect on the local property market with supply and demand at opposite ends of the spectrum.   Thankfully we are now seeing more positivity in the market and this has translated into renewed demand and, for the first time in 4 years supply levels in the office and industrial markets have reduced.  There are still challenges ahead however, but with challenge comes opportunity.

There has never been a better time for occupiers to acquire commercial property and I believe that we are well placed to offer the very best advice to clients.”

FG Burnett offers commercial property advice over a wide range of areas to include acquisitions & disposals, rent review, building consultancy, rating advice, valuation and property management. 

FG Burnett FG Burnett @FGBurnett City Centre Offices with Development Opportunity For Sale. For further info please contact lisa.cowie@fgburnett.co.… https://t.co/GV8B2b88bu 1 day ago
FG Burnett FG Burnett @FGBurnett Excellent opportunity to secure a newly refurbished landmark building in the heart of Aberdeen City Centre. For fu… https://t.co/TC664ss5z5 3 days ago
FG Burnett FG Burnett @FGBurnett Despite the commonly held belief to the contrary, there is still life, interest and demand for buildings in all the… https://t.co/eYI2X6R81U 5 days ago
FG Burnett FG Burnett @FGBurnett Works are progressing well on the CAT A landlords fit out with exposed services at Floors 2 & 3, The Exchange 2, Ma… https://t.co/PUHk8dhT41 5 days ago
FG Burnett FG Burnett @FGBurnett Flexible Office & Storage Space To Let. For further info please contact lisa.cowie@fgburnett.co.uk 01224 597536… https://t.co/98bGdjA0ee 6 days ago
FG Burnett FG Burnett @FGBurnett Retail Premises with benefit of Class 3 Takeaway Consent To Let. For further info please contact daniel.mitchell@f… https://t.co/Nn3fX2bRim 1 week ago
FG Burnett FG Burnett @FGBurnett It’s been a busy week for our Energy Team with a number of EPCs being lodged and further instructions received. Don… https://t.co/ZeacQphhwk 1 week ago
FG Burnett FG Burnett @FGBurnett TO LET - ground floor unit in established West End retail area of Aberdeen. Ingoing tenant may benefit from 100% r… https://t.co/E0L3fFGkVZ 2 weeks ago
FG Burnett FG Burnett @FGBurnett Opportunities to occupy New Build Landmark Pavilions. For further info please contact richard.noble@fgburnett.co.uk… https://t.co/oowVJEkAky 2 weeks ago
FG Burnett FG Burnett @FGBurnett A lunchtime walk in Stonehaven for our Head of Rating to catch a glimpse of the open air swimming pool brimming for… https://t.co/e1pxSS20KL 2 weeks ago
FG Burnett FG Burnett @FGBurnett FOR SALE - retail/office investment with asset managment opportunities in Leven town centre. For further details co… https://t.co/xAL2Yvc8Nh 2 weeks ago
FG Burnett FG Burnett @FGBurnett Modern High Specification Office Pavilion with 20 Car Parking Spaces To Let/For Sale. For further info please conta… https://t.co/pAsRn0ygOc 2 weeks ago