Page 45 - KPG Activity Portfolio 2024 hires nov24
P. 45

A B E RD E E N

                                                                   LEASE SURRENDER, SPECULATIVE
                                                                   REDEVELOPMENT AND LETTING

                                                                   This project involved the redevelopment of a former
                                                                   serviced office into a single-let industrial unit. The
                                                                   property was stripped back to the steel frame and the
                                                                   redevelopment involved the formation of new office
                                                                   space, new roller shutter door and a new concrete floor, all
                                                                   developed internally whilst new wall cladding was fitted
                                                                   externally.
                                                                   The external works also involved the formation of a new
                                                                   concrete yard slab and associated drainage works. The
                                                                   property was subsequently let to Tesla Motors and the
                                                                   investment sold.

                                                                   Client Knight Property Group
                                                                   Value £3m      |     Contract 16 weeks      |     Size 24,995 sqft

                                                                   Tenant Tesla


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