Acting on behalf of private owners, Ryden has completed the letting of the Controls Building, Badentoy Industrial Estate, Aberdeen to oil and gas specialist Coretrax Technology Ltd on a five year lease in what is considered the largest letting of the year in the city's industrial market so far.
The 35,767sq ft industrial unit comprises a high quality detached 28,650sq ft workshop facility with a 7,117sq ft two storey office accommodation at ground and first floor level, including ancillary car parking and a substantial secure yard.
Ryden has also project managed the extensive refurbishment of the premises, following the exit of the previous long standing tenant. Ryden’s Aberdeen based project and building consultancy team monitored the refurbishment works that included numerous repairs both internally and externally in preparation for Coretrax’s occupancy.
Kenny Murray, chief executive officer of Coretrax, commented on the transaction: “Our new, larger premises at Badentoy Industrial Estate is a key milestone for the company as we gear up for further growth. We recognised the requirement for a high quality, well-located site in Aberdeen and Ryden’s expertise throughout the letting process was extremely valuable to ensure we secured the right space for our business.”
Paul Richardson, industrial agency partner at Ryden, said: “We are incredibly pleased to have secured this high profile letting in the current challenging conditions the market is experiencing in such a short marketing period. The HQ building has been decorated to a high standard throughout and is located in a prominent position right at the entrance to the Badentoy Industrial Estate. This transaction demonstrates that occupiers are still gravitating towards good quality accommodation that presents well.
“This project is also the result of excellent teamwork by Ryden’s agency and building consultancy teams, proving how our excellent cross departmental services always ensure the best results for our clients.”