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Global Gate Capital Completes £11.5m Aberdeen Industrial Facility Deal

Commercial People has learned that global investment management firm, Global Gate Capital, has completed an £11.5m deal to forward fund a new 88,050 sq ft industrial facility at D2 Business Park near Aberdeen International Airport.

Announced earlier by Ryden’s Aberdeen office – who are providing investment agency and building consultancy advice to Global Gate Capital -, the facility has been pre-let to a New York Stock Exchange-listed engineering company, Oceaneering International on a 15-year lease.

Steven Cowie, Oceaneering vice president and country manager, UK said: “Having operated from various sites in the city for over 40 years, this new industrial facility at D2 will bring employees together and enable teams to collaborate and communicate more effectively to achieve best practice within our business. The development directly reflects Oceaneering’s continued commitment to the region and our customers. There is no doubt that this move will both energize and optimize our operations moving forward.”

The 88,050 sq ft facility is scheduled to complete before the end of 2020, and will be developed by Miller Developments and was marketed on their behalf by CBRE. Other occupiers at the D2 Business Park include BP and Hampton by Hilco Construction.

Tim Russell, Principal at Global Gate Capital, said “We are very pleased to secure this forward funding in Aberdeen and look forward to partnering with a company of Miller Developments standing. The building’s prime location, high specification and generous yard were attractive to us, together with Oceaneering’s strong covenant and market-leading position in the energy sector. The property is a complementary addition to our UK real estate portfolio, and we look forward to securing further deals in the near future.”

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