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D2 Business Park

Aberdeen

Client

Global Gate Capital

Size

£11.5m

Service

Investment

Region

North Scotland

Description

Forward funding of a new 88,000 sq ft industrial facility at D2 Business Park in Dyce for a price of £11.5m and then an onward sale just over a year after completion at a price of £16m, reflecting a yield of 5.24%.

Outcome

The facility was pre-let to Oceaneering International on a 15 year lease without breaks.

Took advantage of improved market conditions to achieve an outstanding level of profit for our client.

Description

Outcome

Ken Shaw

Partner, Investment