Badentoy Crescent, Badentoy Park, Aberdeen

Client: Stockton Estates Ltd

Value: £2.35m

Springford originally acquired this c. 15,000 sqft industrial investment by way of a forward commitment, for a price of £950,000 with the benefit of a lease to GE Power & Energy. We subsequently conducted 3 rent reviews (increasing rent from £86,500pa to £170,00pa), advised on several lease variations, plus an assignation to Weir SPM, before selling on the investment.