Knight Property Group Secure Deal on AXIS Property In Aberdeen

January 31st, 2020

Category: general

Knight Property Group have successfully secured a deal on their AXIS building, situated in Altens, Aberdeen.

The property benefits from 24,995sq. ft of workshop, office and concrete hard standing and was formally an office which has been redeveloped over recent months by Knight to suit market demand. The property benefits from great roadside frontage, situated directly adjacent to Wellington Road. Local amenities include Pure Gym, Ikea, Starbucks and Sainsburys.

Knight Property Group took the brave move to redevelop and reconfigure the former office property during challenging times for commercial property in Aberdeen. Howard Crawshaw, Director of Knight Property Group commented,

“We took stock of this vacant office property during 2018 and threw about some ideas with our marketing agents, Ryden and Savills. Given the volume of competition in the office sector to this side of the city, it was agreed to redevelop at significant cost and provide an alternative use to the market. The local area and amenities have improved greatly over recent years while transport links have also greatly improved.”

Altens is currently home to many oil and gas companies, retailers, hotels, numerous car dealerships, all alongside expanding residential areas.  

The area has also benefited from the recent addition of the AWPR which allows alternative routes both North and South. Aberdeen International Airport is also in close proximity to the area.

Ryden and Savills acted for Knight Property Group in the deal. Paul Richardson of Ryden commented, “Once the works to redesign the property from an office to an industrial unit were complete, the premises was actively marketed and shortly thereafter an interest was identified, which demonstrates that there is always strong occupier demand for good quality refurbished industrial space in the Aberdeen industrial market. I am delighted that Knight Property Group will reap the rewards for the significant investment in the building.”

Knight Property Group are delighted to have secured a deal for this property and intend to continue meeting market demands with their future developments.

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