Knight Property Group - Altens, Scotland, Minto Commercial Park, Altens

Date: 24 Feb 2010

Knight Property Group invests £3million in speculative mixed-use new-build.

Aberdeen-based Knight Property Group, Scotland's Developer of the Year, has invested £3million in a speculative industrial unit at the Minto Commercial Park, Altens.

Construction of the two storey unit, which comprises 4,000sq.ft of offices, 10,000sq.ft of workshop and 15,470 sq.ft of concrete yard space is well underway and will be completed in April 2010.

Existing occupiers of the Park include; iicorr, Active Sustainable Energy Systems, Denholm Oilfield Services, Aberdeen Valve Supplies Limited (AVS) and LHR Marine.

Howard Crawshaw director of Knight Property Group said: "In light of the economic challenges still facing the commercial property industry we are fortunate to be in a position where speculative builds such as this still play a part of our portfolio.

"Minto Commercial Park has proven an extremely successful project for Knight, and once this unit is complete only 2.22 acres will remain for development."

Where do I go now?: » View the latest news items » View the news archive » Subscribe to Weekly Property Newsletter » Submit news