Recent deals underline demand for trade counter space in Aberdeen
Following on from recent pre-lets, only one unit now remains available at The Crescent, Knight Property Group’s speculative trade counter park development in the popular Aberdeen suburb of Westhill.
The Crescent is a development of four highly visible units, built speculatively by Knight and completed in March 2021. The remaining unit extends to 3,520 sq ft and includes an internal office, toilet and electronically operated roller shutter doors. There is ample parking and yardage on site.
Recent deals have included retail chain Toolstation on a 10-year lease at Units 1 and 2 and The Paint Shed at Unit 3 on a 10-year lease. The Paint Shed, a successful family-owned business already has 17 locations across the UK and the unit at Westhill will be the very first Aberdeen store.
James Barrack, Managing Director of Knight Property Group said:
“Securing Toolstation and The Paint Shed for The Crescent is very positive news, particularly in the midst of the current economic conditions and global pandemic.
“These deals underline the demand for this type of trade counter development in the Aberdeen market and the fact that our existing units at Kingshill Commercial Park are also fully occupied.”
Graeme Watt, Director of F G Burnett, added:
“The popularity of this type of rare development in Aberdeen is particularly evident, as discerning occupiers continue to be drawn by quality, well-located product. Only one unit now remains available and we anticipate strong interest.”
Mark Gillies, Director of Graham & Sibbald, who advises The Paint Shed said:
“The Paint Shed had been searching for their first Aberdeen base for over two years with no success. So the opportunity to secure this exceptional Knight Property Group unit at The Crescent, Westhill, with excellent customer accessibility offered the perfect synergy for a long-term investment by the business.
“The new Aberdeen store will be the most northerly outlet for The Paint Shed and is a major step in the business expansion plans, covering the city and shire areas. The new unit is currently being fitted out and is set to officially before the summer.”
Ryden and FG Burnett are joint agents for Knight Property Group at The Crescent. Graham & Sibbald advised The Paint Shed.