£10.2m investment deal in Aberdeen

4th September 2015

The Capital Trust Group, advised by Ryden has acquired Peregrine House at Westhill Business Park in Aberdeen for £10.2 million.  The property was purchased from Carnegie Property Company Limited on behalf of private investors.

Peregrine House, which is strategically located 6 miles west of Aberdeen city centre and 5 miles south of Aberdeen Airport, is  let to Schlumberger Oilfield UK plc on a 15-year lease.  The property serves as their senior management headquarters in Aberdeen.

Finola Reynolds of the Capital Trust Group commented: “We are pleased to have secured this long-term income producing asset for our investors in the traditionally robust Aberdeen market where we also anticipate future capital growth.”.

Ken Shaw, Investment & Finance Partner at Ryden said: "The acquisition of Peregrine House was completed off market in advance of Carnegie extending the building for Schlumberger. When complete the building will provide excellent Grade A accommodation let at an attractive rent."

Knight Frank acted on behalf of the vendor.

Categories Deals Investment

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