Work starts on Gilcomston’s £2m Raiths development

Dec. 20, 2010 - PRLog -- Gilcomston Investments Ltd has begun development of two speculative industrial units at Raiths Industrial Estate, Pitmedden Road, Dyce, Aberdeen.  The £2 million project, designed by Halliday Fraser Munro, is being constructed by Stewart Milne Construction. Ryden, as retained agents for Gilcomston, is the sole marketing agent.

The development will provide 1,314 sq m (14,143 sq ft) of industrial/warehouse space, 540 sq m (5,812 sq ft) of offices, plus 1,446 sq m (1,729 sq yds) of concrete yardage. Both warehouses will have a minimum eaves height of six meters and have electronically operated steel roller shutter doors.  The open plan offices will be decorated to high standards with comfort cooling and DDA compliant passenger lifts. It is expected that the units will be ready for occupation in summer 2011.

Nearby occupiers at Raiths Industrial Estate include Global Energy Group (also signed up by Ryden on behalf of Gilcomston), Weatherford, Speedy Services, Well Ops (UK) Ltd, Pentagon and Freight Services.

Paul Richardson, associate at letting agent Ryden said: “Despite the fact that we’re only at an early stage of marketing, we’ve already received a high level of interest in the units. This reinforces that the Aberdeen industrial market remains buoyant due to the rising price of oil and the current lack of good quality industrial accommodation on the market. I’m confident that we will find occupiers for both units, as Dyce is ideally located next to Aberdeen airport and is the premier industrial location in the city."

Gilcomston Investments extensive portfolio of properties is actively managed by Ryden.

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Notes to Editors

Ryden is an independent commercial property firm operating a full-service practice.  Service lines include Agency & Development, Investment & Finance, Valuation, Rating, Building Consultancy, Property Management, Consulting and Planning.

The firm is headed by Fiona Morton, Managing Partner, with around 140 people, including 30 partners and 19 associates.

Ryden has offices in Edinburgh, Glasgow, Aberdeen, Leeds, Dundee and Inverness.  

Some recent awards include:
•   Property Week’s Industrial Agency Team of the Year (Scotland) 2009
•   EGi’s Most Active Agent in Scotland 2009
•   EGi’s Most Active Industrial & Distribution Agent in Scotland 2009
•   EGi’s Most Active Office Agent in Scotland 2009

For more information see www.ryden.co.uk

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Ryden is the largest independent commercial property consultancy in Scotland and the North of England. We have 33 Partners and over 140 staff across six offices in Edinburgh, Glasgow, Aberdeen, Leeds, Dundee and Inverness.