Knight Frank - Mixed-Use Development - Aberdeen, Scotland

Date: 06 Jun 2008

Aberdeen City Council today confirmed that a new business park with the capacity for up to 100 new businesses can go ahead on a 107 acre site at Bridge of Don, Aberdeen.

The new development to be known as Kingfisher Business Park has been granted outline consent by Aberdeen City Council. Acting on behalf of developer Rockwater Property Partnership, Knight Frank submitted the application for outline planning permission to develop the site for business, industrial and office use and following its approval, construction work is scheduled to begin on site in early 2009.

Rockwater Property Partnership acquired the site, subject to planning consent, from local land owners and it is estimated that the development and construction value of the entire site will be in the region of £250 - £300 million.

Kingfisher Business Park is located at Berryhill Farm situated to the north of Aberdeen Science and Energy Park, and close to established business and industrial estates at Denmore Road and Murcar. Development of the park is anticipated to help address the current and future demand for business and industrial property in Aberdeen.

In conjunction with plans already approved for the expansion of Aberdeen Science and Energy Park to the south, development of Kingfisher Business Park will provide an anchor to the proposed Energetica technology corridor and will assist in the attraction of new organisations involved in research and development. The Energetica corridor is a 30 mile stretch from Bridge of Don to Peterhead which aims attract new energy related companies into the area with an estimated investment of £750 million in the first ten years. The Kingfisher Business Park development will provide a significant contribution to the business infrastructure required to achieve and business growth objectives established for this exciting proposal.

Allan Rae, partner, planning, Knight Frank said: "Approval of this application is the culmination of over a year of intensive planning which has been undertaken in close consultation with Aberdeen City Council and Transport Scotland. This has ensured that the proposed development will be of a high quality and will deliver a key business and employment site allocated in the soon to be adopted Aberdeen City Local Plan. Work will now focus on bringing forward detailed proposals with a view to commencing work on the site in early 2009."

Commenting on the decision Eric Shearer, partner at Knight Frank said: " This decision goes some way to help alleviate the lack of business land in Aberdeen City. The Council is to be applauded for the practical and pragmatic way they have dealt with this application and I anticipate the development will have a positive effect the local economy."

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