Knight Property Group - Mixed-Use Development - Aberdeen, Scotland

Date: 07 May 2008

Knight Property Group plc have concluded a pre-let of 20 years with MacArtney UK Ltd for its 1.9 acre commercial development at Howe Moss Avenue in Dyce, Aberdeen. Construction will commence this month and is due for completion at the end of the year.

This high-specification development will consist of 7,007 sq ft offices; 12,008 sq ft warehouses; 9,110 sq ft workshops; a 2,153 sq ft mezzanine, and 14,697 sq ft concrete yard.

Howe Moss Avenue is located within commercial hub Kirkhill Industrial Estate, which benefits from close proximity to Aberdeen Airport and the Wellheads Industrial Estate in Dyce.

MacArtney UK Ltd supply products and engineering solutions to the underwater technology market. With many blue-chip companies represented in Dyce - including Weatherford, CHC Scotia and Aker Kvaerner - MacArtney UK Ltd have secured the ideal location from which to serve their expanding clientele.

Howard Crawshaw, Director of Knight Property Group plc, said:
"Knight Property Group plc look forward to seeing this bespoke, high-specification development come to fruition over the next few months. The development site itself is set within an established commercial location and the premises benefit from generous car parking and top quality finishes."

"This is an exciting project for both Knight Property Group plc and MacArtney UK Ltd. MacArtney UK Ltd are former tenants of ours and it's a pleasure to be working with them again at an advanced level".

David Buchan, Managing Director of MacArtney UK Ltd said:
"MacArtney UK Ltd are delighted to be working with Knight Property Group on this significant project. Howe Moss Avenue is to become the new UK Headquarters for MacArtney. During the past three years Macartney have seen rapid growth and this new, bespoke development offers us the perfect base from which to build on that success long into the future. We look forward to moving into this new development at the end of the year."

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