THE value of commercial property transactions in Aberdeen hit a three year-high in the second quarter of 2015, figures from the Registers of Scotland have found.
Deals completed reached a total of £201 million over the period, driven by Legal & General's £127m purchase of Aker Solutions 335,000 square foot headquarters at Aberdeen International Business Park.
Three transactions in the Granite City were worth £178m, according to the figures.
The value of deals completed in Edinburgh reached £231m, as sales across Scotland increased by 56.6 per cent on the first quarter to £963m.
David Melhuish, director of the Scottish Property Federation, said: “Whilst the general economic commentary surrounding Aberdeen has focused on the impact of falling oil prices, it is striking to see that its commercial property market is going against the grain and retaining significant investment.
“Aside from the dip in value that we saw in the last quarter, which could well be attributed to pre-election uncertainty, figures over the past year show that Scotland’s commercial property market as a whole is growing in strength and value."
Why are you making commenting on The Herald only available to subscribers?
It should have been a safe space for informed debate, somewhere for readers to discuss issues around the biggest stories of the day, but all too often the below the line comments on most websites have become bogged down by off-topic discussions and abuse.
heraldscotland.com is tackling this problem by allowing only subscribers to comment.
We are doing this to improve the experience for our loyal readers and we believe it will reduce the ability of trolls and troublemakers, who occasionally find their way onto our site, to abuse our journalists and readers. We also hope it will help the comments section fulfil its promise as a part of Scotland's conversation with itself.
We are lucky at The Herald. We are read by an informed, educated readership who can add their knowledge and insights to our stories.
That is invaluable.
We are making the subscriber-only change to support our valued readers, who tell us they don't want the site cluttered up with irrelevant comments, untruths and abuse.
In the past, the journalist’s job was to collect and distribute information to the audience. Technology means that readers can shape a discussion. We look forward to hearing from you on heraldscotland.com
Comments & Moderation
Readers’ comments: You are personally liable for the content of any comments you upload to this website, so please act responsibly. We do not pre-moderate or monitor readers’ comments appearing on our websites, but we do post-moderate in response to complaints we receive or otherwise when a potential problem comes to our attention. You can make a complaint by using the ‘report this post’ link . We may then apply our discretion under the user terms to amend or delete comments.
Post moderation is undertaken full-time 9am-6pm on weekdays, and on a part-time basis outwith those hours.
Read the rules here