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Owner leaving Scotland

Cut-price park hints at slow recovery

The Core Aberdeen

The Core: owner quitting Scotland

A north east business park is being offloaded in a cut-price deal that may reflect the slow pace of the recovery in the region.

The 21-acre Core development near Aberdeen is the last remaining Scottish site in Clearbell Capital’s portfolio which is selling up to focus its attention on the English market.

It has put a price tag of £10.5 million on the site which, at £310,000 per acre, is significantly lower than other similar land sales in the north east in recent years.

Jarvie Plant Hire bought land to develop at Greenbank Road for £620,000 an acre in 2015 and sites on the park have been sold at figures reflecting £450,000 per acre.

Located in Bridge of Don, The Core’s current occupiers include HVAC and Sonomatic. 

It sits within Scotland’s energy corridor, Energetica,  a long-term economic development programme along a 30 mile corridor that includes Aberdeen Airport. JLL Scotland is handling the sale.

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