11.12.07
ABERDEEN HARBOUR BOARD PURCHASE NORD CENTRE
Strategic acquisition in line with room-for-more strategy
Aberdeen Harbour Board have acquired the leasehold investment in the Nord Centre for an undisclosed sum.
The 8.25 acre facility on York Street adjacent to the busy port's Telford Dock was previously let to JPR Services Limited and accommodates a
mix of modern industrial and office buildings occupied by oil-related and engineering companies, with a yard area serving multiple users.
Board Secretary, Ian Jessiman, said: "As a strategic acquisition, the investment brings not only rental income, but also provides future
opportunities to support quayside operations for port users and other businesses requiring a harbour location. This is in line with the Board's strategy of
providing room for the increasing levels of activity currently being handled at the port."
A recent independent study revealed that activity at Aberdeen Harbour contributes £420 million per annum into the local economy, helping
to sustain up to 11,000 full-time equivalent jobs.
Chartered surveyors, J&E Shepherd, acted on behalf of the Harbour Board in the acquisition.
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