Stewart Milne Developments has sold a 16 acres site in Bucksburn, Aberdeen, to mechanical equipment supplier Enermech for £4 million.

EnerMech, who already lease part of the Howes Road property, has purchased the entire 16 acres which includes 68,000 sq ft of office space, industrial storage facilities, a 38,000 sq ft workshop and a large yard.

Doug Duguid, managing director of EnerMech, said: We have leased the site since March 2009 and when it came on the market to purchase we identified Howes Road as an ideal location for our global headquarters. It can accommodate our changing needs as we gear up for significant expansion and offers us greater flexibility in responding to client requirements.

CB Richard Ellis (Scotland) acted on behalf of Stewart Milne Developments, while EnerMech was represented by AB Robb.

Mike Robertson, managing director Aberdeen at CB Richard Ellis (Scotland), who handled the disposal, said: "This development is something of a landmark in the local oil industry having housed some of the major names in the business over many years. The latest sale gives the new owners the opportunity to create a unit specifically tailored to their needs and shows a long term commitment to the area."
 

www.enermech.com
www.cbre.co.uk
www.stewartmilne.com