April 28, 2014
Lumina Real Estate Capital, a leading real estate investor and advisory company, has let 11,809 sq ft of space at its Denburn House office building in Aberdeen in a deal which highlights the continued strength of occupier demand for good, centrally located office space in the city.
Well drilling and project management operations specialist, ADTI has agreed a lease on the fourth floor and part of the third ensuring that the 54,522 sq ft multi-let office building remains fully let.
Mark Potts of Lumina Real Estate Capital says: “This letting reflects a local occupational market which is one of the strongest in the UK coupled with the great location of Denburn House and its corporate specification offices.”
Denburn House is located at 20-25 Union Terrace in the heart of Aberdeen’s city core and is multi-let to occupiers such as Lloyds Register.
Young & Co advised Lumina Real Estate Capital. Ryden advised ADTI.
Denburn House was acquired in March 2013 by Lumina Real Estate Capital Special Situations Fund I, a Cayman Limited Partnership targeting returns in excess of 20% through a value-added approach. The fund has acquired a portfolio of real estate interests in the UK across all sectors.