Joint venture developer, Miller Cromdale, has secured an 80,000 sq ft prelet for its £15m Consort House scheme in Aberdeen.
Oil & gas company, Petrofac, will consolidate its Aberdeen operations into the building after completion in autumn 2007.
The energy service operator has taken a 17-year lease at a rent believed to be £18 per sq ft.
The deal is one of the biggest prelets Miller Developments has ever secured.
Consort House is the largest single new office building to be constructed in the city centre for over five years.
Roger Telford, development manager at Miller Cromdale, said: “The size of the prelet illustrates demand for grade-A office accommodation as well as the strength of the current market.”
Aberdeen has experienced a mini renaissance of oil sector-led activity over recent months, following the rise in crude prices.
PLS Energy Services, oil and gas logistics contractor SBS, and pipeline company Weatherford, among others, have all moved or expanded in the area since the start of the year.
Telford added: “We don’t have any additional product to tap into movements in the oil sector at the moment, but we are looking at sites and products and how to dovetail them together.”
Young & Co and Jones Lang LaSalle acted for Miller Cromdale. Petrofac was represented by FG Burnett
References: EGi News 08/05/06
