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.