Aker Solutions ASA is to lease the entire first phase of Aberdeen International Business Park, in what is understood to be the largest single office deal in Scotland on record.
The deal will cover three interlinked buildings totalling 335,000 sq ft.
Abstract is developing the Aberdeen International Business Park via special purpose vehicle Abstract (Cornwall) on behalf of listed Norwegian investment company Aker.
The park is being built on a 40-acre site opposite the entrance to Aberdeen International Airport. When completed, it will comprise approximately 1,000,000 sq ft of offices and is likely to include at least one hotel.
The first phase of three buildings will be occupied on completion in February 2015. The buildings are designed to accommodate around 2,400 employees and a variety of catering options.
Aker Solutions will be taking 20-year RPI leases on each of the three buildings, with a combined rent role of approximately £7.74m pa. There will be an option to extend the leases for three further five-year terms. The headline rent equates to £23.75 per sq ft.
Plans are currently being worked up for the next office building and the hotel.
Abstract chief executive and founder Mark Glatman said: “The position of the Aberdeen International Business Park adjacent to Aberdeen International Airport, the quality of the development and the developing local road infrastructure makes this business park an obvious and logical location for major international companies active in the Aberdeen market. The facilities available to Aker Solutions staff within the buildings will be on a level with the very best of any office anywhere in the UK.”
chris.berkin@estatesgazette.com
