A fast-growing Scottish property firm has snapped up an office building with an “imposing granite façade” in Aberdeen.
The SRE Group announced that it has acquired 50 Huntly Street, previously known as Princewall House, in an off-market deal.
Spanning 14,581 square feet across three floors, and benefitting from 30 car parking spaces, 50 Huntly Street was the former home of Xodus Group and offers modern office space behind a grand, traditional granite façade.
READ MORE: 'I am really excited that we are starting to hit our stride'
The building, which will be refurbished by the SRE Group, is fully DDA (Disability Discrimination Act) accessible and offers suites from 1,500 sq. ft. upwards as well as lift access, showers and cycle storage.
John Grewar, who manages lettings for the Glasgow-based SRE Group, said: “Our acquisition of 50 Huntly Street extends our portfolio of well-located and contemporary workspaces in Aberdeen.
“This building is easily accessed from Union Street with excellent transport links and offers modern office space within a heritage, ‘B’ listed building with an imposing granite façade that represents the city perfectly.
“Aberdeen is a dynamic city with a thriving business sector, and that we have added to our portfolio of well-connected and interesting office developments is a testament to the vibrancy of the city.”
READ MORE: Scots accountancy firm reveals 'exciting' intake
The acquisition comes shortly after The SRE Group announced that it had let office space at 25 Blythswood Square to Isle of Harris Distillers. The deal means that SRE has now fully let the “landmark” building. Isle of Harris said it will use the “iconic address” as the mainland base for its UK commercial and “storytelling” team.
The SRE Group has an extensive portfolio in Glasgow portfolio comprising around 300,000 sq ft of office space, with an additional 150,000 sq ft of industrial and leisure facilities. The private property company also owns 75,000 sq ft of offices in Aberdeen. It plans to expand its interests in both cities over the next 12 to 18 months.
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