Letting to Decipher Energy takes 70 Queens Road to full occupancy, Aberdeen

19 May 2017

On behalf of JPR Services Ltd, Savills has agreed a new letting at 70 Queens Road in Aberdeen’s prime West End to Decipher Energy Ltd.

Decipher Energy, which has recently announced the completion of the acquisition of Iona Energy Company (UK), has agreed to a new five year lease on the ground floor, extending 3,155 sq ft (297 sq m). The deal sees the building fully tenanted, following recent lettings of the first floor to consultancy firm, Plan b, and the second to DNB, Norway’s largest financial services group. Other occupiers in the area include  Knight Property  Group, HSBC, Pinsent Masons and St. James’s Place.

Dan Smith, director at Savills Aberdeen, comments: “Following a comprehensive refurbishment and extension to the existing building, 70 Queens Road provides the grandeur of a traditional granite office building together with the benefit of a modern open plan extension, in a prime West End office location”.

According to Savills Aberdeen Offices Spotlight, the Granite City’s office leasing market gathered pace in the first quarter of 2017 with take-up reaching 181,000 sq ft (16,815 sq m), the strongest quarter recorded since Q3 2013 and not far short of total take-up volumes for the whole of 2016 (183,000 sq ft / 17,000 sq m).

Savills is jointly instructed at 70 Queens Road with Ryden.

 
 

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Key Contacts

Dan Smith

Dan Smith

Director
Business Space

Savills Aberdeen

+44 (0) 1224 971 134

 

Simpson Buglass

Simpson Buglass

Director, Head of Office
Business Space

Savills Aberdeen

+44 (0) 1224 971 133