Knight Property Group sign up HSP for Minto Commercial Park

Aberdeen-based Knight Property Group has confirmed the latest letting in the final phase of its Minto Commercial Park development in Altens, Aberdeen.

HSP, leading supplier of valves to the global oil, gas, petrochemical and power industries, has signed a 15 year lease in the £35 million commercial park. The tenancy comprises a 3,445 square foot office, a 9,100 square foot warehouse and a 12,400 square foot concrete yard.

The premises, built on a speculative basis, is the final building on the 12 acre park to be signed over for occupation.

Ryden and Graham and Sibbald were the joint letting agents for the development and Bancon was the main contractor.

James Barrack, chairman and managing director of Knight Property Group, said:

“This latest agreement marks the end of a development process for Knight Property Group at Minto Commercial Park, in which we transformed the brown-field site into a high-end commercial industrial estate consisting of eight properties.”

“We were delighted to sign an agreement with HSP Group. Providing tailored business space for companies to utilise to grow and continue success in the north east and beyond is gratifying. Given the continued interest in the site these past few years, Aberdeen’s commercial property market shows no sign of slowing down.”

Knight Property Group plc is one of Scotland’s leading commercial property developers. In its short history, the company has established a portfolio of high-quality properties in unrivalled locations across the UK.

The company has extensive experience in the design and build of new facilities and the refurbishment and upgrading of existing properties.

The Minto development is one of Knight Property Group’s developments which currently includes the Capitol Theatre on Union Street, where a £35million investment will see the listed building, which dates back to 1933, restored and refurbished to create 75,000 sq ft of office space.