Balmoral Park Ltd - Mixed-Use Development - Aberdeen, Balmoral Park

Date: 15 Feb 2008

Balmoral Park Ltd, a division of Aberdeen-based Balmoral Group Holdings Ltd, has lodged plans with Aberdeen City Council to develop an 18 acre site on the south side of the city.

The land, which belongs to Balmoral, sits adjacent to the company?s Loirston headquarters. The area under consideration is currently used for external storage and the plans include details for 139,500 sq ft of office accommodation, 78,050 sq ft of industrial units, 24,905 sq ft auto-showroom/workshop and a 52,000 sq ft 128 bedroom hotel. 800 car parking spaces will be created across the development.

Ryden is acting as property adviser for Balmoral Park and is offering leasehold or outright sales packages. Bill Duguid, a managing partner at Ryden, said: 'We are confident that Balmoral Business Park offers an unrivalled location in the city with great access to the local transport infrastructure. We will be happy to provide tailored design packages to meet individual occupier?s requirements.'

Jim Milne, chairman and managing director of Balmoral Group, said: 'This business park represents a development of the highest quality which we hope will transform the southern gateway to our city.

'The highest priority will be given to strategic landscaping of the development and, being surrounded by countryside with an open panorama over Loirston Loch, Balmoral Business Park will offer an outstanding working environment.

'The quality, choice and setting of this development is quite simply unprecedented in Aberdeen and will be further enhanced when the Aberdeen Western Peripheral Route opens in 2012.'

Demand for commercial and industrial space in the city continues to grow according to Duguid: 'This is an excellent opportunity for companies looking to consolidate, relocate or establish a prestigious operation in Aberdeen.

'This part of the city is also becoming "Aberdeen's Auto Golden Mile," with dealerships for marques such as Audi/VW, BMW, Land Rover and Porsche all located within striking distance of Balmoral Business Park.

'We believe this development will make a significant and sustainable contribution to the vitality of the southern side of the city.'

A CGI of planned corporate HQ's, industrial units, auto-showroom and hotel

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