Another deal has been concluded at Moorfield Group’s Aberdeen Innovation Park
Tuesday, January 23, 2018
Existing occupier, East Coast Oil & Gas (EC-OG) is expanding operations at the recently refurbished Davidson House on Campus One at Aberdeen Innovation Park.
EG-OC has signed up for an additional 1,200 sq ft at Davidson House, taking their total floorspace to 2,230 sq ft. A new four-year lease has been agreed at a rental of £20.75 per sq ft.
EC-OG provides expert engineering services for critical well barrier equipment, including wellheads, xmas trees and intervention systems. The team recently won a “VIBES” award in the Innovation category at the Scottish Environment Business Awards, for the Subsea Power Hub, a hybrid-based ocean current energy conversion system with integrated energy storage. The award recognised the company’s position at the forefront of eco-innovation.
EC-OG Commercial Director, Heather Sharkey said: “It has been a really exciting time for our team recently. We needed the additional space to diversify our business and Davidson House provides the perfect location for our expansion plans.”
Speaking on behalf of the parks’ owner, Moorfield Real Estate Fund III, Mark Holmes from Moorfield Group said: "It is great news to see EC-OG expand operations here at Aberdeen Innovation Park. We always adopt a ‘can-do’ approach and were able to offer the company a new suite which meets their needs.”
Matt Park of Knight Frank in Aberdeen, added: "Despite challenging times in the North East, we are continuing to see demand for the quality space on offer at both parks, which is evident at Davidson House.”
Knight Frank and Ryden are joint agents for Aberdeen Energy & Innovation Parks