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Ryden completes a convenience store investment transaction in Aberdeen

1st July 2020

Acting on behalf of Wulstan Capital, Ryden has announced the recent completion of a convenience store investment transaction in Aberdeen. Wulstan Capital has acquired the Stoneywood Co-op in the city from Dandara during lockdown at the price originally offered - £1.25m, reflecting a net initial yield of 6.44%. 

Ken Shaw, Investment Partner at Ryden's Aberdeen office, commented on this transaction: 

"Our client was attracted to the unexpired term of 10 years from an established food retailer which provides secure income at a time when there is uncertainty in the market. 

"The location fundamentals are also strong with the store situated adjacent to a new housing development and within two miles of Aberdeen International Airport." 

Ryden acted on behalf of Wulstan Capital in this deal whilst Knight Frank in Aberdeen advised the vendor. Pinsent Masons and Burness Paull carried out the legal work. 

Categories Deals Investment

Ken Shaw

Ken has over 30 years’ experience of commercial property and is Head of Ryden’s Investment & Finance Group. Prior to joining our Aberdeen office in 1991, Ken worked in Glasgow and London dealing with Agency, Professional and Project Co-ordination work. In Aberdeen he has concentrated solely on the transactional side of the business, being initially responsible for occupational agency. 

In 2001 he was promoted to Partner and the following year he moved to the Investment & Finance Group to develop the firm’s investment business in the North of Scotland.

He is the most experienced investment agent currently based in Aberdeen, having advised on over £1.25 billion of investment transactions.

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