New Deals Indicate Buoyancy Of Aberdeen City Centre Retail Market

April 9, 2015

FG Burnett has today indicated that Aberdeen City Centre’s commercial property market remains buoyant with two acquisitions and one new letting recently being completed.

220 Union Street has recently been acquired by the Scottish commercial property consultancy on behalf of Digby Brown Solicitors. Having worked closely with FG Burnett’s building consultancy division to monitor landlord works, prepare a schedule of condition and overseeing the tenants fit out works, the team at Digby Brown expect to make their move into the premises in early summer.

133-135 Holburn Street has also been acquired by FG Burnett on behalf of Indigo Sun Retail Ltd.  The firm has signed a 15-year lease with a break option at year 5. This will be the fifth outlet that the tanning salon has opened in the Granite City.

Unit 3, 157-165 Union Street, formerly The Works, will open its doors to Blacks Outdoor Ltd, trading as Millets. The UK’s largest family outdoors retailer, which formerly traded at 167-169 Union Street has relocated to premises which offer the store a more prominent location under a 10-year lease. Millets also have the option to break at year 5.

Richard Noble, Director at FG Burnett comments, “We are seeing a continued demand for retail space in the city centre, and a real sense of positivity from small to medium sized businesses.

“Our City Centre continues to boast a vibrant mix of retailers, cafes, offices and residential properties in what is a very unique and attractive business location.”

Richard adds, “With new developments such as the Silver Fin building also underway on Union Street, businesses will take this opportunity to take advantage of what that will bring in the medium term – both in terms of footfall and new prospects.

“We would like to welcome these businesses to their new locations and we are delighted to play our part in the continued development of Aberdeen.”

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 1 day 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 2 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 2 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 5 days 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 5 days 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 1 week 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 1 week 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
FG Burnett FG Burnett @FGBurnett Office & Workshop Accommodation To Let. For further info please contact lisa.cowie@fgburnett.co.uk 01224 597536… https://t.co/WYLOJQo9Cf 2 weeks ago
FG Burnett FG Burnett @FGBurnett All hands on deck on a Saturday morning to site the new AC units onto the roof for the ongoing refurbishment at Flo… https://t.co/19ekiG5yLO 2 weeks ago