Miller Cromdale Signs
Forward Funding Deal
Miller Cromdale has agreed a forward funding deal with Tritax to develop a new 40,000 sq. ft. bespoke Grade A office building at North Esplanade West, Aberdeen.
The £16.1 million deal will see fast growing North Sea operating company, GDF SUEZ E&P UK Ltd, occupy the development on a 15 year lease, with employees and contractors expected to move into the new building in Q3 2014.
Pamela Grant, Development Director, Miller Cromdale, said: “We are delighted to have agreed a forward funding deal with Tritax on this new Aberdeen office. Work has already started on site and we now look forward to delivering this prestigious office development for GDF Suez.”
“North Esplanade West is a prime office location offering views across the River Dee, and this latest development further complements the work that we have been involved in to regenerate the North Dee Business Quarter.”
Colin Godfrey, Partner, Tritax, said: “We were attracted to this development due to the high quality of building design, the strength of the tenant’s covenant and Miller Cromdale’s excellent track record for delivering offices in Aberdeen. We look forward to completion of this exciting project.”
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