FG Burnett - Offices Sale - Aberdeen, Scotland

Date: 16 May 2008

General Electric has sold their offices in Broadfold Road, Bridge of Don, Aberdeen, to integrated environmental services specialist TWMA in a £3million deal.

Property consultants FG Burnett acted on behalf of the vendor while Atholls Chartered Surveyors represented the buyer.

Underlining the strength of the Aberdeen commercial property market, the 27,000 sq ft former VetcoGray building, was sold prior to the launch of a marketing campaign.

In a joint statement, FG Burnett director, Graeme Watt and Atholls partner Gordon Fettes, said: "Using our insight and knowledge of the Aberdeen property market we were both able to facilitate the sale and purchase before the property was placed on the open market.

"The buoyancy of the North East commercial property sector has seen demand outstripping supply and the high level of interest in this type of property means many will be snapped up before the start of formal marketing campaigns.

"Using the services of a respected and knowledgeable property consultancy ensures that vendors and prospective purchasers can be efficiently matched and for clients seeking to move or expand it may prove to be a telling factor in securing the preferred premises to grow their business."

TWMA plans to relocate most of its staff from its base at East Tullos to the new HQ in September.

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