Offshore oil and gas specialist AIS Limited have signed a 15 year lease on Unit 3 within the commercial park, adding to their existing office space situated in Knight’s neighbouring development, Kingshill Park.
Kingshill Commercial Park consists of 10 buildings, ranging between 10,000 and 17,000 sq ft, and located within a highly sought after location. The expansion for AIS will allow the company to benefit from; 5,498 sq.ft of open plan office space, 10,002 sq.ft of workshop, 12,928 sq.ft of concrete yard, 8.5m external eaves height, high bay lighting and 45 parking spaces.
Dan Smith, director at Savills and joint letting agent for Kingshill Commercial Park comments “This new letting to AIS Group reiterates healthy levels of demand for high specification, new build industrial units in prime locations. The initial phase of speculative buildings is now fully let, and further encouragement can be taken from the number of expressions of interest in the next phases at Kingshill Commercial Park
AIS Limited currently occupy space within neighbouring office development Kingshill Park, which is also owned and developed by Knight Property Group. Knight Property Group are delighted that through the flexible range of products they offer, that they are able to cater to AIS’s new needs as they decide to grow within the North East.
James Barrack, Managing Director at Knight Property Group comments “It’s great to see that despite being in a challenging market, AIS are continuing to thrive. We are delighted that they have chosen a second premises with Knight Property Group in which to do so.”
Knight Property Group have a number of projects operating throughout Scotland, including the £12 million acquisition of Edinburgh House.