Office Market Activity Report Spring 2014

Total Page:16

File Type:pdf, Size:1020Kb

Office Market Activity Report Spring 2014 RESEARCH ABERDEEN OFFICE MARKET ACTIVITY REPORT SPRING 2014 HIGHLIGHTS Underpinned by record levels of Reflecting developer confidence The investment market enjoyed investment in the North Sea oil and in the market, a host of schemes another record year of turnover gas industry, Aberdeen recorded a are set to be brought forward in 2013, backed by its thriving third consecutive year of impressive speculatively within the city core occupier market and fuelled by office take-up, reaching 740,000 sq ft during 2014. substantial capital inflows among in 2013. the UK funds. ABERDEEN OFFICE MARKET ACTIVITY REPORT SPRING 2014 ECONOMIC OVERVIEW Amid a long and difficult period for the wider UK economy, the relatively strong performance of Aberdeen’s own economy in recent years has been intrinsically linked to the fortunes of the North Sea oil and gas industry. The city’s economy is currently benefiting key decisions on investment, relating to the “ The future of from a wave of fresh investment into the oil industry and the wider economy more North Sea oil sector, which in 2013 reached £14bn, the generally. Regardless of the outcome of highest annual total in real terms since the the vote, above all investors are seeking and gas is one of mid-1970s. certainty and clarity. the key campaign The investment has been stimulated by UK Government fiscal measures, including battlegrounds FIGURE 1 tax allowances on mature oil fields and North Sea oil and gas: Production ahead of tax relief for decommissioning costs. This and Investment is absolutely critical in increasing the the Scottish viability of extraction and boosting levels 15 5.0 independence of production, which has fallen by 38% since 2010. The Government also plans to 12 4.0 referendum.” implement the key recommendations set out in the Wood Review, which argues that ) 9 3.0 greater collaboration across the industry is required in order to maximise the potential 6 of the North Sea’s remaining reserves over 2.0 £bn (nominal the next 50 years. 3 1.0 oduction (million boepd) Pr The future of North Sea oil and gas is one 0 of the key campaign battlegrounds ahead 0.0 of the Scottish independence referendum in 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 September 2014. There are understandably CAPITAL PRODUCTION concerns that the uncertainty surrounding INVESTMENT (MILLION BOEPD) the outcome of the referendum may delay Source: Oil & Gas UK FIGURE 2 Aberdeen office take-up and oil prices 1,000 160 140 800 120 el ft 600 100 rr 80 ba 000s sq 400 60 $ per 40 200 20 0 0 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 EXISTING SPACE PRE-LET PRIOR TO CONSTRUCTION BRENT CRUDE OIL PRICE (annual average) The occupier market’s largest deal in 2013 was EnQuest’s 120,000 sq ft pre-purchase of The Grande, Palmerston Source: Knight Frank Research / Thomson Reuters Road. The development is under construction and will be ready for occupation in Q1 2015. RESEARCH ABERDEEN SPRING 2014 2 ABERDEEN OFFICE MARKET ACTIVITY REPORT SPRING 2014 “ Current office OCCUPIER MARKET availability in the Unprecedented levels of investment in the North Sea oil city equates to a and gas industry resulted in a third consecutive year of vacancy rate of impressive take-up in the Aberdeen market, reaching 740,000 sq ft in 2013. The energy sector has dominated only 3.5%, which occupier activity in each of the last four years, and in 2013 is lower than any accounted for almost 80% of all the space transacted. of the UK’s key office markets.” With an ongoing shortage of existing supply, Group / M&G’s City View Business Park, pre-committed space featured prominently West Tullos, totalling 33,500 sq ft, and is among the larger transactions. 2013 saw presently understood to be under offer on seven pre-let / pre-sale agreements, which a third pavilion of 35,500 sq ft at the site. combined accounted for a significant An acute shortage of supply remains a 43% of 2013’s total take-up. However, not persistent theme in the market, and it is to underplay the importance of smaller occupiers in driving the market, 65% of notable that space previously shunned 2013’s 85 deals were below 5,000 sq ft. by occupiers has now been taken up. For example, in Q3 2013, Aberdeen The largest deal of 2013 took place in the Appointments Agency acquired 9,400 sq ft North Dee Business Quarter (NDBQ), where at Dee Bridge House, Leggart Terrace, EnQuest agreed to pre-purchase ‘The Grande’ a building which, owing to its relatively from Drum Property Group, a new HQ off-pitch location, had remained vacant for building totalling 120,000 sq ft. Another of four years following completion. Drum Property Group’s developments also attracted a significant pre-commitment in Total current office availability in Aberdeen 2013, with Premier Oil agreeing to pre-let equates to a vacancy rate of only 3.5%, 63,000 sq ft at Phase 2, Prime Four, Kingswells. which is lower than any of the UK’s key Reflecting the strength of demand, a office markets. Aberdeen is also unique significant proportion of new speculative among the UK’s office markets in that there development has attracted occupiers prior is – at the time of writing – no Grade A to practical completion. Last year, AMEC space available in units above 10,000 sq ft acquired two pavilions at Knight Property in the market. FIGURE 3 2013 office take-up vs 10-year average TABLE 1 Key office transactions in 2013 Leeds Aberdeen Address Tenant Size Rent Date (sq ft) (£ per sq ft) Glasgow London City Pavilion 4, Prospect Park, Westhill Proserv 23,358 £23.50 Apr-13 Birmingham Phase 2, Prime Four, Kingswells Premier Oil 63,180 £27.75 May-13 London West End Kirkgate House, Upperkirkgate Atkins 17,638 £24.00 May-13 M25 Newcastle Aberdeen Gateway Business Park Ensco 25,000 £20.25 Oct-13 Manchester The Grande, Palmerston Road EnQuest 120,000 Purchase Oct-13 Bristol Pavilion 1 & 2, City View AMEC 14,090 / £24.00 Oct-13 / Sheffield Business Park 19,339 May-13 Edinburgh Grampian House, Union Row Dana 45,543 £21.95 Nov-13 Cardiff Petroleum -40% -20% 0% 20% 40% 60% Source: Knight Frank Research Source: Knight Frank Research RESEARCH ABERDEEN SPRING 2014 3 At £31.50 per sq ft, Aberdeen continues other regional office markets, they typically to command the highest prime headline range between 24 and 36 months for an rent of any office market outside London equivalent term, quite unlike the situation and the South East. Ironically, despite the in Aberdeen. strength of the market, it has remained Two out-of-town developments have unchanged at this level for the past two years, a situation which reflects the dearth come forward speculatively during 2013, of new supply in the city core and a namely City View, West Tullos and Kingshill “ Underlining consequent absence of any transactions Business Park, Westhill, although this has developer to confirm pricing. That said, at the time hardly been sufficient to address the city’s of writing, 9,000 sq ft is under offer at 20 acute shortage of supply. However, this confidence in the Queens Road in the West End, at a rent situation is set to change dramatically. market, a host rumoured to be at £32.00 per sq ft. According to figures from Aberdeen City Council, 873,500 sq ft of office space was of schemes are Rental growth has nonetheless been more awarded detailed planning consent in 2013, clearly evident outside the city core, with also set to be occupiers opting to relocate out-of-town a six-fold increase on 2012’s figure. brought forward in order to satisfy their requirement for Underlining developer confidence in the speculatively new-build space. Headline rents in Westhill market, a host of schemes are set to be and Kingswells have increased by over brought forward speculatively during 25% during the past two years, to stand at during 2014.” 2014. Moreover, c.525,000 sq ft is set to £24.00 and £27.75 per sq ft respectively, commence construction within the city eroding much of the price differential that core, and this will undoubtedly redress the traditionally existed between the city core supply issue in 18 to 24 months (details of and out-of-town locations. key schemes provided overleaf). Landlords in the city also continue to Notably, however, SWIP and Manse’s benefit from extremely limited incentives, regardless of location. Generally, a 48,500 sq ft refurbishment of AB1, Huntly maximum of just three months is offered Street is set to be the only “New” space on a fifteen year FRI term, although in delivered in the city core during 2014. many instances no rent free period has The timing of the scheme means it is been seen. While evidence suggests that well-placed to capture the strong pent-up incentives are starting to harden in the UK’s demand for space in the city core. KNIGHT FRANK VIEW • Substantial investment in the North appetite for development risk reflects Sea oil and gas industry will continue developers’ confidence that strong to drive strong levels of office occupier demand will be sustained, demand. With several major pre-let with expectations that occupiers will commitments already confirmed, we take space prior to completion. are confident that 2014 will be another record year for the market, with take- • Despite the likely arrival of several up surpassing 2012’s previous high to developments two years from now, reach an impressive c.1m sq ft.
Recommended publications
  • From Couper to Farmers' Cooperative
    From couper to farmers’ cooperative: livestock fairs and markets in north-east Scotland from 1800 to 1900* livestock fairs and markets in north-east scotland by Richard Perren Abstract In 1800 local livestock fairs and markets in north-east Scotland were traditional open markets held at fixed times of the year. Their number increased in the first half of the nineteenth century as the region’s meat industry developed to supply the growing demand of the Scottish and English markets. After 1850 and the appearance of the railways the number of livestock markets grew further and localities competed with each other, sometimes fiercely, to capture the benefits of a new livestock market. These markets, where deals were made privately between individuals, were dominated by local butchers and livestock dealers. This changed from 1870 as open markets gave way to regular livestock auction markets (or marts) conducted by professional auctioneers. Farmers believed that auctions served their interests better than open markets as sales were conducted quickly and in greater comfort, and they could also judge whether buyers were competing fairly. Farmers from the north east became so enthusiastic about this form of sale that they took advantage of the nineteenth-century Company Acts to float their own joint stock limited auction companies, and also take over some of the existing family-run livestock auction markets. In spite of some opposition from butchers and cattle dealers, the auction markets were all very successful and by 1900 had largely replaced the traditional fairs and markets. Scotland in 1500 was a poor country with a small population and a backward, underdeveloped economy.
    [Show full text]
  • Spotlight Aberdeen Area Residential Market Winter 2015
    Savills World Research UK Residential Spotlight Aberdeen Area Residential Market Winter 2015 Invery House (Offers Over £2.5 million) in Banchory, Aberdeenshire. Despite recent challenges, the million pound market in the Aberdeen area is relatively active SUMMARY The Aberdeen residential market is adjusting, following seven years of phenomenal growth ■ The residential market across the FIGURE 1 Aberdeen area is being affected by Residential sale prices relative to oil price uncertainty within the oil-dependent ■ ■ ■ local economy. Aberdeen average sale price Scotland average sale price Oil price 500 ■ Since the beginning of 2015, there has been a fall in average values and 400 volume of sales, particularly in the prime market, which is being further 300 constrained by LBTT. ■ The first-time buyer and young 200 professional markets are bucking the trend, and the million pound market Oil price (Sep 2003 = 100) 100 remains relatively active. Indexed average residential sale price/ Indexed average residential 0 ■ We anticipate a further adjustment in values throughout 2016 to take Mar-04 Mar-05 Mar-06 Mar-07 Mar-08 Mar-09 Mar-10 Mar-11 Mar-12 Mar-13 Mar-14 Mar-15 account of local economic challenges Sep-03 Sep-04 Sep-05 Sep-06 Sep-07 Sep-08 Sep-09 Sep-10 Sep-11 Sep-12 Sep-13 Sep-14 Sep-15 and reducing consumer confidence. Source: Savills Research / US Energy Information Administration savills.co.uk/research 01 Spotlight | Aberdeen Area Residential Market Market overview FIGURE 2 The residential market across the Five year residential annual change forecasts Aberdeen area is being affected by uncertainty within the oil-dependent local economy.
    [Show full text]
  • Regenerating Aberdeen: a Vision for a Thriving and Vibrant City Centre
    Regenerating Aberdeen: a vision for a thriving and vibrant city centre 1 2 FOREWORD For centuries major cities have been enhanced by their universities. These institutions have attracted skilled people, scholarship, arts and culture, as well as enterprise and innovation. In this way the partnership between cities and universities has in countless places helped to create prosperity and employment, and secured a better quality of life. Aberdeen has for a long time been associated with its institutions of learning. Robert Gordon University, though relatively young, has made a major impact on the city, and in turn has benefited from the association with its location. But this relationship also involves responsibilities, and it is my view that in RGU we must do all we can to ensure that Aberdeen’s future is as bright as its past. Although Aberdeen has significant advantages, many of them derived from the successful industries that it hosts, it also faces serious challenges. There is a perception that its infrastructure and amenities need some attention, and that it needs to look at how it can secure a new sense of purpose that is visible in its buildings, streets and spaces. To help in this process, I decided to establish an expert group drawn from the resources of the university, so that we could offer some well judged analysis and make some suggestions for the future. This group, convened by Dr David McClean, has now produced this report, offering well argued insight and vision. I am most grateful to the entire group for their work. My desire to have this work undertaken was in part prompted by the process surrounding the City Garden project, which I strongly supported and which was assisted by some key RGU staff.
    [Show full text]
  • 210511 CGR City Centre Masterplan Review.Pdf
    ABERDEEN CITY COUNCIL COMMITTEE City Growth and Resources Committee DATE 11 May 2021 EXEMPT No CONFIDENTIAL No REPORT TITLE City Centre Masterplan Review REPORT NUMBER RES/21/115 DIRECTOR Steven Whyte CHIEF OFFICER - REPORT AUTHOR Steven Whyte TERMS OF REFERENCE 2.1.5, 3.2, 3.3 1. PURPOSE OF REPORT 1.1. This report presents considerations by officers of what can be prioritised within the CCMP in the short term to support initial economic recovery within the city and then sets out actions to progress in the medium and long term which will ensure the CCMP contributes to the medium and long term recovery and growth. 2. RECOMMENDATION(S) That the Committee: - 2.1. Approve the proposed objectives for the CCMP review set out in paragraph 3.5, noting that COVID-19 has exacerbated some existing structural changes and there are some emerging structural changes also taking place; 2.2. Approve the proposed work plan set out in Appendix 1 which informs the review of the CCMP over the short (year 1), medium (years 2-4) and long term (year 5+); 2.3. Instruct the Chief Officer (Corporate Landlord) to support the city’s short-term economic recovery from Covid-19, by facilitating the re-opening of existing CCMP projects, in line with Scottish Government guidance; and to prioritise non-capital works across the Council’s building stock in order to increase aggregate demand in the local economy; 2.4. Instruct the Director of Resources to develop design works for current City Centre interventions on Union Street, West End, George Street and Schoolhill and report outcomes to the City Growth and Resources Committee in August 2021; 2.5.
    [Show full text]
  • 10.7 Public Monuments ABERDEEN CITY COUNCIL, Nd-Last Update, Aberdeen March Stones
    Downloaded from http://www.scottishheritagehub.com/content/published-sources 10.7 Public monuments ABERDEEN CITY COUNCIL, nd-last update, Aberdeen March Stones. Available at www.aberdeencity.gov.uk/heritagetrails [Mar/08, 2016]. ANON, 2016. Kitchener memorial to benefit from new round of centenary war memorial grants. History Scotland, 16(1), pp. 6–6. ARCHER, G., 2009. The Glorious Dead: Figurative Sculpture of British First World War Memorials. Kirkstead: Frontier Publishing. BAKER, M., 1991. "Proper ornaments for a library or grotto": London sculptors and their Scottish patrons in the eighteenth century. In: F. PEARSON, ed, Virtue and Vision: Scotland and Sculpture 1540–1990. Edinburgh: National Galleries of Scotland, pp. 45–63. BELL, G.T., 1993. Monuments to the Fallen: Scottish War Memorials of the Great War. PhD edn. University of Strathclyde. BLACK, W.G., 1928. The Scots Mercat 'Cross': An Inquiry as to its History and Meaning. Glasgow and Edinburgh: William Hodge and Co Ltd. CALDER, A., 2004. The Scottish National War Memorial. In: W. KIDD and B. MURDOCH, eds, Memory and Memorials: The Commemorative Century. Aldershot: Ashgate, pp. 61–74. CALDER-ROSS, J., 1892. The market crosses of Scotland. Scottish Notes and Queries, November, pp. 88–89. CARTER MCKEE, K., 2013. Burns and the British Empire: viewing a Scottish monument from an imperial perspective. Architectural Heritage, 24, pp. 21–39. CLIFFORD, T., 1991. Introduction. In: F. PEARSON, ed, Virtue and Vision: Scotland and Sculpture 1540–1990. Edinburgh: National Galleries of Scotland, pp. 9–25. COLEMAN, J.J., 2014. Remembering the Past in Nineteenth-Century Scotland. Commemoration, Nationality and Memory. Edinburgh: Edinburgh University Press.
    [Show full text]
  • Listing of Citations - Aberdeen City Valuation Appeal Committee
    LISTING OF CITATIONS - ABERDEEN CITY VALUATION APPEAL COMMITTEE Hearing on 22nd June 2021 at 10.00 am in Council Chamber, Woodhill House, Westburn Road, Aberdeen Proposed Values Agreed Values No Reference Description/Situation Appellant/Agent NAV RV NAV RV 1 1056/75182 SHOP CHALMERS BAKERY LTD P 11,250 11,250 429 GREAT NORTHERN ROAD ABERDEEN RYDEN LLP A 2 1069/70425 SHOP LLOYDS PHARMACY LTD O 12,750 12,750 451 GREAT NORTHERN ROAD ABERDEEN COLLIERS INTERNATIONAL A 3 1090/78433 SHOP FARMFOODS LTD T 15,250 15,250 160 GREAT NORTHERN ROAD ABERDEEN EYCO CHARTERED SURVEYORS A 4 1102/72724 SHOP J & S ACCESSORIES LTD T 32,750 32,750 412 GREAT NORTHERN ROAD ABERDEEN WYMRE A 5 1221/75064 SHOP J G ROSS (BAKERS) LTD T 11,750 11,750 39 HIGH STREET ABERDEEN F G BURNETT LTD A 6 1223/75065 SHOP J G ROSS (BAKERS) LTD T 12,250 12,250 61 HIGH STREET ABERDEEN F G BURNETT LTD A 7 33006/70656 BETTING OFFICE CORAL RACING LTD T 5,800 5,800 GRANITEHILL ROAD CORAL GALA GROUP ABERDEEN GERALD EVE LLP A 8 1454/70663 SHOP T M RETAIL GROUP T 13,000 13,000 5 BYRON SQUARE ABERDEEN GERALD EVE LLP A 9 39356/70508 SHOP AMERICAN GOLF DISCOUNT T 51,500 51,500 UNIT 1 HAUDAGAIN RETAIL PARK GREAT NORTHERN ROAD COLLIERS INTERNATIONAL A ABERDEEN 10 39357/70403 SHOP HIGH SEAT LTD T 50,500 50,500 UNIT 2 HAUDAGAIN RETAIL PARK GREAT NORTHERN ROAD COLLIERS INTERNATIONAL A ABERDEEN 11 1594/75250 OFFICE ETC HORDENE LTD P 11,750 11,750 UNIT 1 KITTYBREWSTER SHOPPING CENTRE 1 CLIFTON ROAD ABERDEEN RYDEN LLP A 12 38901/75313 OFFICE ETC HORDENE LTD P 11,750 11,750 UNIT 2 KITTYBREWSTER SHOPPING
    [Show full text]
  • The Annals of Scottish Natural History," the Last Instalment of Which Appeared in the Number for July 1 894
    RETURN TO LIBRARY OF MARINE BIOLOGICAL LABORATORY WOODS HOLE, MASS. LOANED BY AMERICAN MUSEUM OF NATURAL HISTORY The Annals OF Scottish Natural History A QUARTERLY MAGAZINE WITH WHICH IS INCORPORATED Uaturaltet EDITED BY J. A. HARVIE-BROWN, F.R.S.E., F.Z.S. MEMBER OF THE BRITISH ORNITHOLOGISTS' UNION JAMES W. H. TRAIL, M.A., M.D., F.R.S., F.L.S. PROFESSOR OF BOTANY IN THE UNIVERSITY OF ABERDEEN AND WILLIAM EAGLE CLARKE, F.L.S., MEM. BRIT. ORN. UNION NATURAL HISTORY DEPARTMENT, MUSEUM OF SCIENCE AND ART, EDINBURGH 1895 EDINBURGH DAVID DOUGLAS, CASTLE STREET LONDON: R. H. PORTER, 18 PRINCES ST., CAVENDISH SQUARE LIST OF PLATES Francis Buchanan White, M.D. Frontispiece. I. Map illustrating the Distribution of the Starling. II. Leptopsyllus robertsoni, sp. nov., and L. minor, sp. nov. III. Map illustrating Report on the Little Auk. IV. Canthocamptus schmeilii, Mrazek, and C. mini/tus, Clans. The Annals of Scottish Natural History NO. 13] 1895 [JANUARY FRANCIS BUCHANAN WHITE, M.D., F.L.S. IT is our sad duty to record the death, on 3rd December i 894, at Perth, of one who has for the greater part of his life been a very potent force in the great advance that has been made in our knowledge of the fauna and flora of Scotland. His wide and accurate acquaintance with animals and plants alike, of many groups the knowledge of which is in these days usually distributed among numerous specialists, and his readiness to place that knowledge at the service of all who sought his aid, early made him recognised as a leader in his favourite studies.
    [Show full text]
  • Scotland Route Study July 2016 Contents July 2016 Network Rail – Scotland Route Study 02
    Long Term Planning Process Scotland Route Study July 2016 Contents July 2016 Network Rail – Scotland Route Study 02 Foreword 03 Executive Summary 04 01: Introduction 06 02: The Starting Point 11 03: The Scotland Market Study 18 04: A Railway for 2043 32 05: Choices for Funders 54 06: Consultation Responses 84 Appendices - please see companion document 90 Appendix 1 - Long Term Planning Process Appendix 2 - Scotland Market Study 95 Appendix 3 - Freight Market Study Conditional Outputs 153 Appendix 4 - Long Distance Market Study Conditional 155 Outputs Appendix 5 - Cross-Boundary Analysis 158 Appendix 6 - 2043 Option Identification and Development 159 Appendix 7 - Appraisals - CP6/CP7 Choices for Funders 199 Appendix 8 - Glossary 206 Foreword July 2016 Network Rail – Scotland Route Study 03 Welcome to the Scotland Route Study, an important milestone in Network Rail has led the development of this Route Study using a the development of Scotland’s railways. We are delighted to be able collaborative approach with input from the rail industry, Transport to present this work, the result of much collaboration across the Scotland and Regional Transport Partnerships. We would like to take industry. The railway in Scotland plays a vital role in the country’s this opportunity to thank all these stakeholders for their economy, providing links between communities and employment, contributions to the work. industries and markets, and access to our cultural heritage from the Borders to the Highlands. The success of the rail industry over the last 20 years, during which it has delivered greater capacity, performance and safety, at the same time as improved efficiency and value, is notable.
    [Show full text]
  • Brochure 2010
    UNIVERSITY OF ABERDEEN 10th WRITERS FESTIVAL JOIN US FOR THE CELEBRATIONS 14 – 16 MAY 2010 Grey granite. Red sandstone. Quartz. Gneiss. Schist. The Cuillins. The Cairngorms. An Teallach. Marischal College. The Wallace Monument. The Forth Bridge. The Old Man of Hoy. Devil’s staircase. Rannoch Moor. Glencoe. The Skye Bridge Song (Speed bonnie bus). Caledonia. (Old stories. Old songs). Caledonian antisyzygy. A drunk man, a thistle. Solidarity. Divided self. Red Clydeside. Ship building. Silver darlings. The People’s Palace. Poets’ Pub. The Hampden Roar.The final score.word Last extra final times. The Declaration of Arbroath. A Forfar bridie. The Falkirk Wheel. A Glasgow kiss. Inverness Caledonian Thistle. T in thePark.Haggispakora.Apieandapint.Apuddingsupper. Full Scottish Breakfast. (Deepfry the lot in North Sea Oil). A hardened artery. A blackened lung. A pickled liver. A broken heart. A happy hour. A bridge to nowhere. Now. Here. Northern Lights. Holy Loch. The West Highland Way. Murrayfield. Meadowbank. Banks and braes. Scottish banknotes. Scottish banks. Flowers o’ the forest. A parcel of rogues. The Scottish Parliament. An upturned boat. Thanks to all of our sponsors and supporters FUNDED BY JOINT TITLE SPONSORS SCHOOLS’ AND CHILDREN’S FESTIVAL SPONSOR MEDIA PARTNER TRAVEL AND HOTEL PARTNER SPONSORS AND SUPPORTERS The W.Bednarowski Trust UNIVERSITY OF ABERDEEN SUPPORTERS WITH THANKS TO PROGRAMMING PARTNERS College of Arts and Social Sciences Aberdeen Arts Centre Bookstart College of Physical Sciences The Aberdeen Medico-Chirurgical
    [Show full text]
  • Aberdeen City Valuation Appeal Committee
    LISTING OF CITATIONS - ABERDEEN CITY VALUATION APPEAL COMMITTEE Hearing on 21st November 2017 at 10.00 am in Committee Room 1, Woodhill House, Westburn Road, Aberdeen Proposed Values Agreed Values No Reference Description/Situation Appellant/Agent NAV RV NAV RV 1 1101/51610 RETAIL WAREHOUSE POUNDSTRETCHER LTD T 134,000 134,000 390 GREAT NORTHERN ROAD ABERDEEN MONTAGU EVANS A 2 1136/51614 STAFF ACCOMMODATION ARNOLD CLARK AUTOMOBILES LTD P 33,000 33,000 80 WESTERN ROAD ABERDEEN MONTAGU EVANS A 3 36758/52073 POLICE STATION SCOTTISH POLICE AUTHORITY P 27,000 27,000 CONINGHAM TERRACE FINANCE DEPARTMENT ABERDEEN RYDEN LLP A 4 33005/52048 OFFICE ABERDEEN CITY COUNCIL P 37,000 37,000 FORMARTINE ROAD PER ASSET MANAGEMENT TEAM ABERDEEN RYDEN LLP A 5 1150/51611 BETTING OFFICE LADBROKES BETTING & GAMING LTD T 6,500 6,500 95 HAYTON ROAD ABERDEEN MONTAGU EVANS A 6 88473/51612 RESTAURANT CRAIGTON FOODS LTD T 120,000 120,000 KITTYBREWSTER RETAIL PARK BEDFORD ROAD ABERDEEN MONTAGU EVANS A 7 1242/51613 WAREHOUSE THORNBRIDGE SAWMILLS LTD O 56,500 56,500 15 ST MACHAR DRIVE ABERDEEN MONTAGU EVANS A 8 1299/52258 WORKSHOP ETC BT PLC P 156,000 156,000 FROGHALL TERRACE C/O TELEREAL SERVICES LTD ABERDEEN COLLIERS INTERNATIONAL A 9 1421/52040 FACTORY HALL & TAWSE JOINERY LTD P 283,000 283,000 GRANITEHILL ROAD ABERDEEN GVA A 10 1476/52178 OFFICES ETC ENERMECH LIMITED P 525,000 525,000 ENERMECH HOUSE HOWES ROAD ABERDEEN CB RICHARD ELLIS LTD A 11 1489/52036 OFFICE ABERDEEN CITY COUNCIL P 34,500 34,500 SPEY ROAD PER ASSET MANAGEMENT TEAM ABERDEEN RYDEN LLP A 12 38304/52042
    [Show full text]
  • Development Activity Report 2017
    aberdeen development activity report 2017 a publication by Aberdeen City Council January 2018 Contents Purpose of the Report 3 1: Office Developments 4 1.1 Introduction 4 1.2 Overall Summary: Class 4 Floorspace 2017 (m²) 4 1.3 New Business Parks 5 1.4 Established Business & Industrial Areas 7 1.5 City Centre 8 2: Hotel Developments 10 2.1 Introduction 10 2.2 Overall Summary: Hotel Bedrooms 2017 10 3: Retail & Leisure Developments 14 3.1 Introduction 14 3.2 Retail Planning in Aberdeen 14 4: Further Reading 21 2 Purpose of the Report The Aberdeen Development Activity Report provides up-to-date information on the city’s larger office and hotel developments, and retail and leisure developments that have taken place over the past year. The Report is produced by officers of Aberdeen City Council and has a base date of 31st December 2017. You can also view the Aberdeen Development Activity Report on the council’s website: https://www.aberdeencity.gov.uk/services/planning-and-building/local-development- plan/aberdeen-local-development-plan/action-programme-and-monitoring This Report follows the 2016 Report, which replaced previous Office & Hotels and Retail & Leisure Bulletins. The Report contributes to the monitoring of the Local Development Plan and will help to inform future policy and Supplementary Guidance documents. The Local Development Plan and associated Supplementary Guidance supports the Council’s Corporate Plan, in particular the aim of maintaining an up to date planning framework and promoting sustainable development. 3 1: Office Developments 1.1: Introduction Aberdeen City Council monitors the amount of office space being granted planning permission and built in the city throughout the year.
    [Show full text]
  • Post Office Aberdeen Directory
    EDMDND & SPARK BOOKBINDERS Jk ABERDEEN Digitized by the Internet Archive in 2011 with funding from National Library of Scotland http://www.archive.org/details/postofficeaberde187071uns ; ; POST-OFFICE ABERDEEN DIRECTORY 1870-n. COMPRISING, AMONG OTHER INFORMATION, PUBLIC OFFICES AND BANK DIRECTORY; POSTAL DIRECTORY; CONVEYANCE AND INSURANCE DIRECTORY GENERAL DIRECTORY; TRADES' AND PROFESSIONS' DIRECTORY STREET DIRECTORY; OLD ABERDEEN DIRECTORY; WOODSIDE DIRECTORY ETC. ETC. ABERDEEN: PRINTED FOR THE PROPRIETOR BY ARTHUR KING & COMPANY, STEAM PEINTEES AND STEEEOTYPEES, clark's court, top of broad street. And Sold by the Letter Carriers. 1870. COUNTING-HOUSE CALENDAR. 1870. Infe gtuottst. S5fpfemb*r. Su. ... 3 10 17 24 31 Su. ... 7 14 21 28 Su. ... 4 11 18 25 Mo. ... 4 11 18 25 ... Mo. 1 8 15 22 29 Mo. ... 5 12 19 26 ' Tu. ... 5 12 19 26 ... Tu. 2 9 16 23 30 Tu. ... 6 13 20 27 Wed. 6 13 20 27 ... Wed.3 10 17 24 81 Wed. 7 14 21 28. Th. ... 7 14 21 28 ... Th. 4 11 18 25 ... Th. 1 8 15 22 29 Fri. 18 15 22 29 ... Fri. 5 12 19 26 ... Fri. 2 9 16 23 30 Sat. 2 9 16 123 30 ... Sat. 6 13 20 27 ... Sat. 3 10 17 24 ... #tf0b*r. Uobxmbtr. 'gntmbtt. Su 2 9 16 23 30 Su. ... 6 13 20 27 Su. ... 4 11 18 25 Mo 3 10 17 24 31 Mo.... 7 14 21 28 Mo. ... 5 12 19 26 Tu 4 11 18 25 ... Tu. 1 8 15 22 29 Tu. ... 6 13 20 27 Wed..
    [Show full text]