Highcross Sells Aberdeen Industrial Units In £9.25m Deal

October 1, 2012

Highcross has sold a 100,000 sq ft industrial facility at Dyce, Aberdeen, in a £9.25m deal.

The Wellheads Terrace scheme includes four industrial units, all of which are occupied by Petrowell who were recently acquired by Weatherford. Located adjacent to Aberdeen International Airport, and including a substantial secure yard, the Wellheads Terrace units were acquired by Highcross in February last year.

Highcross has sold the scheme, which has an annual rent roll of £897,000, to the Pears Group. The sale reflects a net initial yield of 9.17%.

Mark Evans, who heads Highcross’ Scotland office, comments: “The speed with which we have concluded the sale of our Wellheads Terrace scheme, reflects the successful letting of the remaining units to Petrowell in August, and the continuing demand from investors for well located, good quality industrial space in the buoyant Aberdeen market.”

Highcross was advised by Rod Leslie at Savills, Edinburgh office.

-ends-

Latest News

Span Group in partnership with Pearl and Coutts secures The Traitors: Live Experience for the Arclight, Shorts Gardens, Covent Garden

May 19, 2025 - 11:07

Dynamo Hall set to hold the live playable version of the widely successful TV series The brand-new reality game experience The Traitors: Live Experience (inspired by hit TV series The Traitors), has s[...]

+ Read More

DOUBLE SUCCESS FOR KOROL IN WIMBLEDON

May 1, 2025 - 08:22

Korol have let two floors in their newly remodelled 22,200 sq ft Mansel Court office building in Mansel Road, Wimbledon, London SW19. Following a comprehensive refurbishment which included, a new entr[...]

+ Read More

KINGSGATE SHOPPING CENTRE, HUDDERSFIELD SECURES RAFT OF LETTINGS AHEAD OF LANDMARK LEISURE OPENING

April 22, 2025 - 08:39

              WD Limited, owners of the Kingsgate Shopping Centre in Huddersfield, have announced a raft of new retail lettings at the 280,000 sq ft scheme ahead maj[...]

+ Read More

CONTACT

CALL US

+44 (0)20 7647 4420

ADDRESS

25 Westwood Road, Newbury, Berkshire, Newbury, RG14 7TH